The Powers That Be: Daily MAGA on Wall Street
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May 13, 2025 Bill Cohan, author of *Dry Powder*, dives into Trump’s turbulent trade war with China and its lasting impact on the financial markets. He reveals how MAGA insiders might be reaping benefits from prior knowledge of tariff decisions. The conversation touches on Trump's lavish gifts, like a $400 million jet from Qatar, and his risky ventures in meme coins and cryptocurrencies. Cohan also discusses the ethical dilemmas of congressional stock trading and highlights the bizarre support from Wall Street for policies that contradict their own interests.
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Trump's Trade War Market Manipulation
- Donald Trump's trade war with China causes erratic market movements and volatility.
- He creates problems with tariffs and then takes credit by pausing them, manipulating markets.
Suspected Insider Trading on Tariffs
- There is strong suspicion that Trump's tariff announcements are exploited for insider trading on Wall Street.
- Regulatory agencies show no signs of investigating this manipulation due to political appointments.
Tariffs' Delayed Consumer Impact
- Tariffs persistently disrupt supply chains and port traffic, causing long-term consumer impacts.
- Americans will likely feel effects in everyday purchases like school supplies months later.