Discussion about this post

User's avatar
Michael Gease's avatar

I get much of my news from Normal Island. Especially this kind.

Lenny Cavallaro's avatar

Your last paragraph is absolutely spot-on. It's called "market manipulation." If Trump has a fit and bombs Iran, the stocks go down and crude oil goes up; if he says the Iranians want a "deal" and suspends bombing, the stocks go up and crude oil goes down. The "insiders" who learn his intentions a few days in advance can sell, short the S&P, buy puts, and go long on oil in the first scenario and vice-versa in the second. Obviously, they're making obscene profits, and Trump is cutting their taxes for good measure, so they'll support ReThuglican candidates generously come election-time. What a system!

4 more comments...

No posts

Ready for more?