THE DEEPER DIVE: Mega MAGA Meltdown, by David Haggith

Like many commentators on MAGA disillusionment with how Trump has handled the Epstein files, David Haggith tiptoes around the Israel angle, although that’s more problematic for many MAGAs than the pedophilia angle. From Haggith at thedailydoom.substack.com:

So many stories about Trump v. MAGA and MAGA v MAGA broke out this week that it is hard to know where to begin and how to organize it all.

Some rifts opened; others widened significantly, as separation between Trump and several of his biggest MAGA supporters expanded to levels that were referred to by one supporter as a complete divorce. Social media grew red with the anger, if not blood, in a battle of MAGA v. MAGA because of Trump’s twist and turns and a sense many supporters are getting of betrayal and failure to deliver on the economy.

When I asked this week for readers to direct where I should go with my weekend Deeper Dive, here was the first request that came in:

I am thinking about lost confidence in Trump, USA, US Treas and especially our dollar. Gold and silver are in sync with this lost confidence but not the NASDAQ that I understand is now approx 40% owned by foreigners. I would expect ABUSA (anything but USA) on the part of foreigners. Why are they sticking with us?

Given the deluge of news this week about lost confidence in Trump, I’m going to focus on that part, but then come at the end to what it might all come to mean for the economy as well as what the economy has to do with creating some it. Actually, lost confidence in stocks and particularly the NASDAQ were an equally large story this week to lost confidence in Trump. The stock market experienced its own broad and deep meltdown, but I’ve already covered that fairly extensively.

You can see in this chart that the NASDAQ has been on a continuous meltdown of its own for the entire past month, losing almost 10% of its value:

MarketWatch

Trump has often gauged his economic success by the stock market, so if we used his own rule, we’d have to say things are not going well in Trump’s economy; but, as I say, let’s come back to the economy and focus first on the serious loss of confidence in Trump by his own supporters.

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2 responses to “THE DEEPER DIVE: Mega MAGA Meltdown, by David Haggith”

  1. Saw one of 38% approval for Moshe Trumpstein of MIGA.

    Tell me more about all the blessings.

    Eisen is a member of Moshe’s tribe?

    That’s just how’ll they’ll do ya as the immaculate Chicago Jesus Messiah (THE ONE!) said about whites.

  2. fourth world turd's avatar fourth world turd

    O/T Breaking-Bolshevik enemedia says 404 agrees to peace deal and will meet with RF!

    It is Bolshevik enemedia so objects are farther than they appear and results may vary.

    Source:Always Bolshevik Communism (ABC)

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