UK Independent: Fund managers quietly fear Trump doesn’t have a tariff plan and that he ‘might be insane’

Some fund managers concerned ‘that the White House is not acting rationally, but rather on ideology. And some even fear that this may not even be ideology’

As President Donald Trump’s back-and-forth on trade policies creates chaos in the financial markets, some fund managers are questioning the rationality of his decisions.

“In the last few days, we have had many conversations with macro fund managers,” Tom Lee, the head of research at the financial analysis firm FSInsights, wrote on Wednesday morning, before Trump backed down from most of his tariffs on U.S. trading partners.

“And their concern is that the White House is not acting rationally, but rather on ideology. And some even fear that this may not even be ideology,” he added. “A few have quietly wondered if the President might be insane.”

Insane? Ideological? Or simply suffering a severe case of dementia?

You decide!

https://www.independent.co.uk/news/world/americas/us-politics/donald-trump-fund-managers-tariffs-b2730989.html

Newsweek: JP Morgan CEO Warns Businesses Are Going to Default on Loans

As financial markets reel from a new round of tariffs and bond sell-offs, JPMorgan Chase CEO Jamie Dimon issued a stark warning that credit problems are mounting and corporate loan defaults may soon follow.

In an interview with Fox Business on Wednesday, Dimon said rising interest rates, sticky inflation, and widening credit spreads are setting the stage for a wave of financial strain among U.S. companies.

https://www.msn.com/en-us/money/markets/jp-morgan-ceo-warns-businesses-are-going-to-default-on-loans/ar-AA1CChvT

The Telegraph: If you think it’s alarming now, just wait for Trump to wreck the bond market

The White House’s push for for expanded presidential power threatens US economic stability

Donald Trump is systematically purging every US government institution, a pattern familiar to anybody who has studied the caudillo regimes of Latin America, or the playbook of today’s Putin-Orbán-Erdoğan prototypes.

It is a racing certainty that he will soon do the same to the Federal Reserve, forcing the central bank to cut interest rates into the teeth of rising inflation, with epic consequences for the world’s dollarised financial system and for €39 trillion (£33 trillion) of offshore dollar debt contracts and swaps.

Late last week he fired the head of the National Security Agency and its top officials at the behest of Laura Loomer, a fringe conspiracy theorist, who whispered into Trump’s ear that they were disloyal to the Maga movement.

He has already fired the heads of the FBI’s intelligence division, its counterterrorism division and criminal investigations division, as well as the heads of the Washington and New York offices.

He has fired the top brass of the US military, starting with a preemptive strike on the chairman of the joint chiefs of staff. An earlier chairman – General Mark Milley – refused to ratify Trump’s attempted coup d’etat on Jan 6 2021.

“We don’t take an oath to a king, or to a tyrant or dictator, and we don’t take an oath to a wannabe dictator. We take an oath to the constitution,” said Milley in his parting shot.

But Trump also fired the three judge advocates general, who are legally independent by Congressional statute and have the authority to decide which military orders should be disobeyed – such as Trump’s order to “just shoot” American protesters, on American soil, during the Black Lives Matter saga.

That obstacle will not recur. Pete Hegseth, the defence secretary, said the three judges had been sacked to stop them posing any “roadblocks to orders given by the commander-in-chief”.

You can go through the list, agency by agency, extending to the universities and private law firms, and even to the muzzled editorials of some of America’s once great newspapers: the purge is Bolshevik in ambition.

Does anybody in their right mind think that Trump will spare the Fed’s Jerome Powell as the two men gear up for an almighty clash over US monetary policy? “CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!” bellowed Trump in capital letters on Truth Social on Friday.

https://www.telegraph.co.uk/business/2025/04/08/trump-sell-off-is-bad-wait-until-wreck-us-bond-market

Raw Story: Trump’s Treasury secretary ‘looking for an exit door’ after two months on the job: MSNBC

Rat deserts sinking sh*t!

In the wake of Donald Trump’s highly controversial decision to put in place a wall of international tariffs that has roiled the business world, the president’s Treasury Secretary Scott Bessent is reportedly looking to move on from his current job slightly more than two months after being sworn in.

That is according to MSNBC host and former Wall Street executive Stephanie Ruhle, who appeared on “Morning Joe” on Friday.

Speaking with co-host Jonathan Lemire, Ruhle first pointed out that she has been unable to find people who support Trump’s decision to begin a trade war that is causing worldwide economic chaos.

Trump’s Treasury secretary ‘looking for an exit door’ after two months on the job: MSNBC

Mediaite: Jessica Tarlov Shreds White House Security Blunder: ‘I Don’t Want to Ever Hear’ About Hillary Clinton’s Emails Again

Fox News co-host Jessica Tarlov tore into the White House on Monday after it was revealed that The Atlantic editor-in-chief Jeffrey Goldberg had accidentally been added to a top-secret group chat about the Trump administration’s military plans.

“Donald Trump’s ratings on handling the economy, inflation, cost of living are all tanking, and we’re seeing this administration’s incompetence and recklessness on a scale unimaginable,” said Tarlov on The Five.

“I don’t know what’s going to happen to anyone who’s involved in something like this, but on top of it, you have the vice president, he’s in there as well, contradicting Donald Trump on his policy on Europe,” she said. “So all of this is going on, we’re only a couple months into this administration, and when Carville says, ‘Let’s see what they do,’ you get stuff like this.”

Jessica Tarlov Shreds White House Security Blunder: ‘I Don’t Want to Ever Hear’ About Hillary Clinton’s Emails Again