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
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.'