He’s stupid, yes, but he surrounds himself with people who are also greedy and malicious. This is just straight-up market manipulation.
After Trump announced plans to levy tariffs on the metal, copper futures jumped as much as 17 percent, Bloomberg reported.
The play is simply to buy a bunch of futures contracts beforehand, wait for the announcement and the resulting price spike, and sell immediately for a tidy 17% gain, or hold til just before he announces yet another “extension”. How many times has this happened so far this year? It’s so tiresome.
Stories like this just reinforce my belief that AI will destroy us all. Not with a cool robot uprising like Terminator or Blade Runner, or even enslavement of humanity like the Matrix or Wall-E. We get the stupid future, where civilization ends when a Reddit shitposter creates a Trump-flavored chatbot and convinces the joint chiefs that they need to send him the nuclear codes via Signal because you can’t text on the red phone.