The Trump Crash; The Republican Crash

We all woke up to the markets crashing globally; we expected this. I must remind you of where we were on January 20, 2025. Because what is happening now is by design. Now let’s look at one charming response to this crisis:

US billionaire Ackman, who previously supported Trump, said the US president is losing the trust of business leaders and should pause his trade war

In a post on the X platform, Ackman warned that Trump’s trade policies were already undermining trust in the US among the business community and could have dire consequences for the economy.

He proposed a 90-day pause in tariff escalation to negotiate with key partners and prevent an “economic nuclear war” that could halt investment and damage the United States’ international reputation for decades.

If you heard about a possible pause, I am almost sure it came from here and likely was picked up by one member of the administration:

Trump Considers Suspending Tariffs for 90 Days on All Countries Except China — Clash Report citing US National Economic Council Director Kevin Hassett

UPD: The White House called the news fake

Hassett and Ackman move in similar circles, the highly rarefied billionaire club. So, these two conversations are not that crazy. And yes, some…