Reminder: Crypto Is a Trump Trade
Abandon all hope, ye who enter here
Tired and jet-lagged, so still not ready to do a serious post. But just a note about the interrelationship between markets and politics.
Obviously politics is dominating the news. I have no deep insights, except to echo Josh Marshall: Power is unitary. Trump seems to be collapsing on multiple fronts, with the collapse on each front reinforcing the collapse on others. The Epstein affair is coming to a head even as the public loses all faith in his economic policy, and the whole structure of fear on which his regime rests appears to be evaporating.
He also seems to be unraveling personally. We always knew that President “Piggy” despised women and admired tyrants, seeing nothing wrong with hacking up…
