Summary
As Trump’s erratic tariff policy rattles global markets, investors and financial analysts are questioning his mental fitness.
Tom Lee of FSInsights said macro fund managers fear the White House is “not acting rationally, but rather on ideology,” with some even wondering if “the President might be insane.”
Lee placed full blame on Trump, saying his decisions lead to a “binary outcome,” though they often lack logic.
Market volatility surged after Trump raised tariffs on China to 125% before having to abruptly pause most tariffs.
It’s not so much that he’s insane as it is that he knows so very, very little that he’s incapable of telling good advice from bad advice. He sees all advice as being of equal value, so he bases his decisions on how much the other person likes him.
Example: All the tariff bullshit seems to have come from a single source, Peter Navarro. Whose main source for tariff effectiveness is a guy named “Ron Vara”, an anagram of “Navarro”.
https://www.esquire.com/news-politics/politics/a64411833/maddow-origins-trump-international-tariff-idea/
If Trump knew the first thing about, well, anything, he’d reject Navarro out of hand. He doesn’t.