Donald Trump may attempt to manipulate the stock market, now that we know he has engaged in more insider trading than the entire Congress combined since returning to office.
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Something else seems to be happening. I suspect Trump isn’t trying to manipulate stock prices as much as he is trying to lie to lower the price of oil.
The president’s broken mind continues to believe, wrongly, that gas prices will immediately fall if oil prices fall.
After touting a deal with Iran that the White House said could be reached at any time, Trump spent Memorial Day spewing a sea of nonsense seemingly designed to distract people from the fact that no deal has been announced.
Trump posted on his social media platform (the fat is mine):
Negotiations with the Islamic Republic of Iran are progressing well! It will only be a good deal for all, or no deal at all. — Back to the battle front and shooting, but bigger and stronger than ever — And no one wants that! During my meetings on Saturday with President Mohammed bin Salman Al Saud of Saudi Arabia, Mohammed bin Zayed Al Nahyan of the United Arab Emirates, Emir Tamim bin Hamad bin Khalifa Al Thani, Prime Minister Mohammed bin Abdulrahman bin Jassim bin Jaber Al Thani and Minister Ali al-Thawadi of Qatar, Field Marshal Syed Asim Munir Ahmed Shah of Pakistan, President Recep Tayyip Erdoğan of Turkey, President Abdel Fattah El-Sisi of Egypt, King Abdullah II of Jordan, and King Hamad bin Isa Al Khalifa of Bahrain, I said that after all the work the United States has done in trying to put this very complex puzzle together, it should be mandatory that all of these countries, at a minimum, simultaneously, sign the Abraham Accords.
Wait a minute. Weren’t we just told that a deal was going to be made any moment?
The Republicans violated the agreement just as badly, and the White House asked Republicans to show their support for the deal, what they feared doing.
Now there may be a deal.
Trump became completely delusional throughout the rest of his message.