27, August 2019 Trump tweets, market falls
It is becoming
increasingly apparent to many Americans that Donald Trump is becoming more and
more delusional. His bizarre tweets have little to do with market stability and
everything to do with trying to project a “tough guy” persona. The wild
gyrations of the market are a direct reflection of his trade wars with China
which show no signs of abating. President Xi Jinping is unlikely to back down
and appear weak to his domestic audience especially given the increasing
turmoil in Hong Kong. Meanwhile, Trump has flip/flopped repeatedly unable to
cobble together a coherent policy. In a rare of truth he admitted having second
thoughts about his trade policy but then abruptly changed his mind promising
more punishing tariffs.
Meanwhile Democrats have
seized the opportunity and hammered his trade policy which is rooted in pure
vindictiveness and anger.
At the G7 meeting world
leaders, with the exception of Prime Minister of Britain, Boris Johnson,
shunned Trump uncomfortable with his unpredictable behavior.
His relationship to world
leaders follows a familiar pattern. Great admiration (Kim Jon Un of North
Korea, President Macron of France, Prime Minister Trudeau of Canada, Teresa May
of Britain, . .) quickly followed by
harsh criticism.
Apocalyptic with China’s response to his tariff wars, he ordered all
U.S. companies to leave China citing an obscure law, the International Emergency Economic Powers Act of 1977.
The law’s original intent
was to isolate companies engaged in criminal activities not break economic ties
with a major trading partner over a tariff dispute. Recently, the thin skinned Trump has ordered
his staff to “dig dirt” and shame reporters critical of his policies, hallmark
of an autocratic ruler.
Medical
professionals are expressing major concerns over Trump’s declining mental state
summarized in the New York Times best seller, by Dr. Brady Lee “The dangerous
case of Donald Trump.”
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