Financial industry: How Wall Street Trump’s customs policy stopped

Anyone who has wondered who or what Donald Trump can stop in the past few weeks received an answer last night: Wall Street. For a few days, the US President apparently tried to make economic policy against the New York financial giants. On Monday, the bosses of banks and asset managers first pulled out the yellow card, warned the White House unmistakably. There were already five trillion dollars at the stock markets. Millions of US citizens looked horrified at their dwindling pension commitments, insurers and pension funds came under serious pressure to explain.

Trump’s head continued with his customs policy. A day later, the financial industry pulled the plug. On the bond market. Sales. Interest rates for US state financing rose by more than ten percent within hours. With a debt of around $ 35 trillion, around 120 percent of the US economic performance. The creditworthiness of the United States was therefore under question. No more, end. Or freely after Wolfgang Schäuble: Ich Over, Mister President. Trump had to suspend his absurd customs policy. Only with China can he go a little further.

Once again in American economic history, it has been shown that the final corrective for misguided US economic policy is not the political opposition, are not demonstrating, very rarely dishes. It is the Wall Street. Calculated, ice -cold, without ideology. Except that of market and return. You don’t have to like that. But it helps.

This was the case in 1929/30 when the New York Great Finance of the Ten Years of Ten Years put an end. The last in the series was President Herbert Hoover. The latter had tried to renovate the US budget with tariffs and thus tighten the economic downturn. The same mechanism felt the Reagan administration in 1987. It had put it on a cheap dollar to finance the enormous debts for armor expenditure with growth through US Billian Exports. Sales on Wall Street, course correction. 15 years later, the government of George W. Bush allowed every form of loan became a speculation object. Just to enable people who cannot afford to buy a house. In the end, this endangered the Wall Street itself. This time tearing leash from steel rope: dozens of financial institutions went bankrupt from 2007, millions of Americans lost their belongings.

Donald Trump’s attempts to sell his kinks before the last instance of US economic policy as a coup seem almost laughable. Everything was “planned”, even swifts are swelled on the net through insider trading. Anyone who believes that seriously did not understand Wall Street. The fact that some actors may have benefited is part of their inner logic. How exactly the influence that the enormous power works of the financial industry works, who is talking to whom, when a serious word talks, can rarely be taken hard. Not this time. The main thing is that it worked. Again again. Even significantly faster than in previous cases. At a trump speed.