A recent series of tweets highlighted the impact of a misleading report attributed to Walter Bloomberg, which initially suggested that the Trump administration would implement a 90-day pause in economic policies. This report led to a surge in global financial markets, adding approximately $2.5 trillion in value. However, when the news was later deemed fake, markets reacted negatively, prompting a sell-off. Subsequently, Donald Trump confirmed the original report, leading to a rapid recovery in the markets, with an additional $4.5 trillion added within an hour. Analysts noted that the incident underscored the volatility and speculative nature of modern finance, likening it to 'memecoins with suits.'
It's possible that Walter Bloomberg might have averted a global economic meltdown. His fake ass tweet showed that news of a 90-day pause could juice the market, so when Wall Street started berating Trump he knew what to do.
so basically > guy reported fake news > all of world finance aped the news and added 2.5T to the market > news is fake, so everyone dumped > Trump tweeted it's real 2d later > 4.5T added to markets in 1h so basically finance is just memecoins with suits https://t.co/9vVbhAcQ3W
TLDR basically finance is just memecoins with suits