Wall Street seems to have decided that Trump is mentally unstable - AlterNet [View all]

[justaprogressive]

I want to suggest today that what we are seeing on Wall Street and in markets around the world is the sudden realization that the president is mentally unstable – that he has dementia, probably – and as a result of that realization, investors no longer have any faith in Donald Trump.

Yes, I know.

The conventional explanation for why markets have been tanking is the realization that Trump really meant what he said on the campaign trail, and that his position on tariffs wasn’t just rhetorical but firmer, stronger and more ideological than investors were willing to believe.

But if Trump’s position were a matter of conviction, markets might be able to adjust, as conviction would beget a clear explanation and a coherent plan of action, which in time would beget some kind of stable order that investors might not like in the end, but could come to trust.

That’s not what’s happening. Trust is long gone. On Monday, the S&P 500 fell 2.4 percent “in another wipeout,” according to the AP. The Dow Jones fell 2.5 percent, the Nasdaq 2.6 percent. More worryingly, the AP said, is that US government bonds and the value of the dollar also fell.

https://www.alternet.org/alternet-exclusives/trump-wall-street/?anplus

Good Choice Wall St.