• fartgiver@lemmy.world
      link
      fedilink
      English
      arrow-up
      2
      arrow-down
      102
      ·
      2 days ago

      How is Trump personally benefiting from tariffs? Like I know congress does insider trading all day but I don’t see anyone importing golf courses.

      • quetzaldilla@lemmy.world
        link
        fedilink
        English
        arrow-up
        34
        ·
        edit-2
        2 days ago

        Trump: TARIFFS ON EVERYTHING

        Market: * crashes *

        Trump: * acquires crashed stock at bargain prices *

        Trump: LOL JUST KIDDING. TARIFFS PAUSED!

        Market: * rallies, because full of gambling addicts *

        Trump: * realizes massive gains on acquired stock *

        Is that clearer, or are you choosing to continue to participating in your own destruction?

      • Acamon@lemmy.world
        link
        fedilink
        English
        arrow-up
        42
        ·
        2 days ago

        You don’t need to personally own companies in those industries. The secret of insider trading is knowing what announcements will effect stock prices. If the government says that they’re going to ban cigarettes, the value of tobacco companies will fall. If I know that the government isn’t serious, and will never implement the ban, I can buy stock at a reduced rate safe in the knowledge that it’s real value hasn’t fallen.

        If i run the government there’s countless ways to profit from that insider knowledge. Gold prices go up when the stock markets are uncertain and people are worried about financial choas. So, I could buy lots of gold ($2300 an oz in Jun 2024), then make some wild decisions and statements so that the markets start panicking, and watch the gold price rise (peaked at around $3400 last month) . So I sell my gold for a substantial profit, and dial back a bunch of the most wild policies and stuff goes mostly back to normal, but I’m a lot richer.

      • spooky2092@lemmy.blahaj.zone
        link
        fedilink
        English
        arrow-up
        22
        ·
        2 days ago

        Like I know congress does insider trading all day but I don’t see anyone importing golf courses.

        My sibling in Talos, are you really naive enough to think trump isn’t playing the stock market too?