The hopeless search for Trump’s cunning plan
https://www.ft.com/content/0f3e2041-3665-4c0c-a2cb-a0d88165c88f
Janan Ganesh:
https://www.ft.com/content/0f3e2041-3665-4c0c-a2cb-a0d88165c88f
Janan Ganesh:
At what point does the world call off the search for a grand Trump strategy? British readers will remember Baldrick, the hapless TV sidekick who always kept a “cunning plan” up his sleeve. Trump makes no such claim. Instead, he has cunning plans ascribed to him by those who find it hard to believe that dogma, caprice and nihilism are factors at the top of politics.
Trump has no idea what he has unleashed
https://www.ft.com/content/9f5189b0-4857-4b7f-a8c4-5b6d77ece5e3
Edward Luce:
The mystery is why so many — from Ackman’s fellow billionaires to Florida-based Venezuelans — have bent over backwards to miss who Trump is. A trillion comments have been wasted accusing the wrong people of Trump derangement syndrome. The real TDS afflicts those who keep seeing a rational actor, or an economic chess game, where none exists. The whole market arguably suffers from this syndrome. Shortly after plummeting on Monday morning, a fake news release surfaced that said Trump would announce a pause on his tariffs this week. The markets more than erased their opening losses. All those gains, in turn, were wiped out when the White House issued a denial.
If an online meme can turn a bear market into a bull recovery in the space of a minute, and back again, Trump has the world in his palm. The merest rumour that he might be sane can trigger a buying frenzy. Roman emperors would envy the finger-crooking sway of one man. Yet at some point, possibly imminent, Trump could be forced to pause at least some of his “liberation day” duties. That will trigger a big relief rally. But his pause will be no surer than stray driftwood. The same might apply to his threats of a new 50 per cent tariff escalation on China.
Why Did So Many People Delude Themselves About Trump?
https://www.nytimes.com/2025/04/07/opinion/trump-stock-market-wall-street.html
https://www.ft.com/content/9f5189b0-4857-4b7f-a8c4-5b6d77ece5e3
Edward Luce:
The mystery is why so many — from Ackman’s fellow billionaires to Florida-based Venezuelans — have bent over backwards to miss who Trump is. A trillion comments have been wasted accusing the wrong people of Trump derangement syndrome. The real TDS afflicts those who keep seeing a rational actor, or an economic chess game, where none exists. The whole market arguably suffers from this syndrome. Shortly after plummeting on Monday morning, a fake news release surfaced that said Trump would announce a pause on his tariffs this week. The markets more than erased their opening losses. All those gains, in turn, were wiped out when the White House issued a denial.
If an online meme can turn a bear market into a bull recovery in the space of a minute, and back again, Trump has the world in his palm. The merest rumour that he might be sane can trigger a buying frenzy. Roman emperors would envy the finger-crooking sway of one man. Yet at some point, possibly imminent, Trump could be forced to pause at least some of his “liberation day” duties. That will trigger a big relief rally. But his pause will be no surer than stray driftwood. The same might apply to his threats of a new 50 per cent tariff escalation on China.
Why Did So Many People Delude Themselves About Trump?
https://www.nytimes.com/2025/04/07/opinion/trump-stock-market-wall-street.html
Trump’s billionaire backers are suffering a heavy dose of buyer’s remorse
https://www.telegraph.co.uk/business/2025/04/08/trumps-billionaire-backers-suffer-buyers-remorse-recession/
Those surprised by the president’s tariffs blitz have not been paying attention.
https://www.telegraph.co.uk/business/2025/04/08/trumps-billionaire-backers-suffer-buyers-remorse-recession/
Those surprised by the president’s tariffs blitz have not been paying attention.