The King’s Gambit: DIY Declan, Trump’s Market Meltdown & Musk’s 18th-Century Twin
The David McWilliams Podcast
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Trump, Markets, and Historical Parallels
This chapter delves into the fracturing relationship between financial markets and Donald Trump, juxtaposing it with historical events involving John Law and the Duke d'Orléans. It highlights the current turmoil in global markets, drawing parallels with the 2008 financial crisis and discussing the implications of political actions on economic stability. Additionally, concepts like the 'Mar-a Accord' are analyzed, raising concerns about the long-term effects on U.S. bonds and the credibility of the financial system amidst growing uncertainty.
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