Trump’s speech last night felt like a watershed. According to accounts today, he agreed to make the public address—his second during his presidency—because he wanted to calm the markets. Instead, the short speech made today’s futures drop precipitously last night. According to reports, Trump’s son-in-law and advisor Jared Kushner wrote the speech, hastily over the course of the day, with input from advisor Stephen Miller. As you know, I was shocked by the speech and saw that it would tank the markets, so I wondered if there had been a concerted plan to do so and make money from the crash. It all seemed contrived. But it appears I was wrong and the disaster was, in fact, simply a reflection of extraordinary incompetence.
March 12, 2020
March 12, 2020
March 12, 2020
Trump’s speech last night felt like a watershed. According to accounts today, he agreed to make the public address—his second during his presidency—because he wanted to calm the markets. Instead, the short speech made today’s futures drop precipitously last night. According to reports, Trump’s son-in-law and advisor Jared Kushner wrote the speech, hastily over the course of the day, with input from advisor Stephen Miller. As you know, I was shocked by the speech and saw that it would tank the markets, so I wondered if there had been a concerted plan to do so and make money from the crash. It all seemed contrived. But it appears I was wrong and the disaster was, in fact, simply a reflection of extraordinary incompetence.