Subj : Re: Is AI ruining social
To   : MIKE POWELL
From : Rob Mccart
Date : Tue Apr 15 2025 01:11 am

RM>> Yes, it's like insider trading except it's legal..  (Questionably)

MP>Not sure it really is legal, though, in this case.  If he helped people
  >like Schwab, who isn't in Congress, make a bunch of money, that means that
  >folks outside of the White House knew what was going to happen.  Chances
  >are Trump told them.  Pretty sure that isn't legal.  ;)

I suppose in that case his plans on world tariffs are not like knowing
what a single company is going to do, but people should know by now
how much the markets move every time he makes a change. It's the same
affect but the scope makes it a lot harder for normal people to make
any use of it, but very wealthy people certainly could..

I wonder at times if he is a twit or he thinks everyone else is
and that he can trick/manipulate them saying by ridiculous things.

He said yesterday that his tariff policies are working wonderfully
and used as proof that last week the US Markets had their biggest
one day gain in many years.. Somehow he forgot to take into account
that that huge gain was only because the market was partially
recovering from the biggest losses in ages, and are still lower
than before he took office.

MP>We have actually been getting some intermentent news about US manufacturers
  >closing plants up there.  They are closing, or delaying, them here also.

There's going to be a lot of pain before you see much gain I think.

And I know we have companies here that sell 90% of their products
to the USA so they are possibly going to close completely, unable
to pick up enough buyers in other countries for their products.
And duty free store sales are way down and many small businesses
near the border that have relied of tourist dollars on both sides
of the border are in serious trouble.

Then there are companies like Apple who lost $638 Billion in
market capital in 3 days after Trump started in on China.
Those are products that a lot of Americans want to buy and
they won't appreciate paying more than double the cost for them.

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 * SLMR Rob  * A pedestrian hit me and went under my car
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