The US bond market began to crash this week in response to Donald Trump's tariffs, which is likely the reason that he decided to pause most of them for now. But the collapsing bond market also means something else - it means that Marjorie Taylor Greene's stock selloff and bond buying ended up backfiring on her. She moved her money out of the stock market just days before Trump crashed it (a quasi, though legal, insider trading scheme) and still ended up losing a lot of money.
One of the lead supervisors for Secretary of State Marco Rubio's security detail was arrested recently in Brussels, Belgium after becoming belligerent with hotel staff and eventually fighting police officers. Rubio was not present for the incident, as the detail was checking security and location before Rubio arrived a few days later. But the incident shows just how terrible every person in this administration is - from the well-known people to the staffers, everyone is just the worst of the worst.
Things were looking great for Newsmax for quite a while after a successful IPO and their owner becoming an instant billionaire. But they came crashing down off that high this week when a judge in Delaware determined that the network DID defame voting machine company Dominion following the 2020 election. The case is now scheduled to go to trial where the jury's work has been made pretty easy following the judge's decision this week.
Donald Trump's on-again, off-again trade war sent markets into a tailspin followed by a small correction this week, and none of this is doing anything to ease the lingering fears of investors. In fact, according to one financial research firm, many fund managers have openly pondered whether or not Trump might be literally insane. That is a very fair question, as he seems to have no rationale or logic behind any of his moves and he doesn't seem to care about the damage that he's causing to the global economy.
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