The felonious Malignant Fascist's tariff war is likely to cause a continued economic contraction, higher unemployment, and higher prices for goods, according to the latest statement by Federal Reserve Chair Jerome Powell, who is holding interest rates at their current level against the demands of the MF. The MF knows that and is using his skills as a lifelong con artist to sell Wall Street on the idea that tariff relief and trade deals are imminent, in order to puff up the stock market. We saw a glaring example of his manipulation when the market was plummeting after his "liberation day" fiasco, when he suggested on his social media platform that it was the time to buy stocks, before announcing a 90 day pause in his tariffs.
He's doing the same thing now, following his supposed "trade deal" with the UK, which was only a framework for further talks: the market surged before settling back down. The MF knows his tariff plans are disastrous, and he's backing down, most notably with our biggest trading nation, China. Once again, he used his social media platform to say that an 80% tariff on Chinese goods "seems right" as negotiators were about to meet in Switzerland. His lying puffery is all the fellow puffers in Wall Street need to sell stocks on the idea that trade deals are right around the corner, when they're not. Until the market develops a wait and see approach -- which is counter to their quick buck habits -- the MF will continue to play them for his political benefit for as long as he can.
(image: USA Today)
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