A failed businessman responsible for six bankruptcies, Trump has, nevertheless, proven to be an expert market manipulator. Markets plunged 10% April 3rd and 4th in response to his steadfast resolve to raise tariffs. Then they jumped nearly the same amount April 8th and 9th as he delayed the tariffs for 90 days. How many of Trump's associates, or even Trump himself, bought up stocks April 7th, when they were low, and unloaded them now, to score a tidy, effortless profit?
While this reeks of insider-trading and governmental corruption, some would shrug with, "the markets aren't the economy." But rapid policy fluctuations do more than manipulate the markets; they degrade our national economy. Our economic supremacy is built on trust, honesty, and consistency that gives investors confidence their reasons for investing here will continue as anticipated. Trump's manipulations create uncertainty which lowers our status as a safe investment country.
People are also reading…
Bruce Joffe
South Tucson
Disclaimer: As submitted to the Arizona Daily Star.
Follow these steps to easily submit a letter to the editor or guest opinion to the Arizona Daily Star.