Post by ck4829 on Dec 9, 2016 16:48:11 GMT
One story that hasn't received hardly any attention at all -- or, at least, no one's really making a big deal of it, and we probably should be. On Thursday's edition of CNBC's "Squawk Box" program, Kellyanne Conway, the pollster who some would argue successfully rescued the Trump campaign by injecting her special brand of unbreakable spin into the debate, revealed a harrowing bit of nefarious and potentially destructive strategy -- a strategy that could toss the stock market into chaos while personally enriching Trump's overblown fortune.
Conway warned that Trump is capable of manipulating the stock market using Twitter, and he's willing to do it whenever he feels like it.
CONWAY: So, President-elect Trump sees that he has this massive online platform. He says about 35 million on Twitter and Facebook combined. And he sees an opportunity to communicate right to people by cutting through the noise or the silence, whatever the case may be, through social media platforms. But see that through tweets now he can affect industry, he affected the stock market yesterday, frankly, and he did it twice. He did it in two different ways: first, by telling Boeing to cancel the project or maybe put it on hold. He thinks it's too expensive, it goes against his entire platform of cutting waste and abuse in the system. And then their stocks went down 1.5 percent yesterday. And then secondly, he went down to the lobby in Trump Tower where the media are, and he announced a $50 billion -- that's with a "b" -- investment by SoftBank.
thedailybanter.com/2016/12/trump-will-keep-using-twitter-to-manipulate-the-stock-market/
The stock market is not a predictor or an oracle of how sound things are, the sheer fact that one man can influence it is just more evidence of that.
Conway warned that Trump is capable of manipulating the stock market using Twitter, and he's willing to do it whenever he feels like it.
CONWAY: So, President-elect Trump sees that he has this massive online platform. He says about 35 million on Twitter and Facebook combined. And he sees an opportunity to communicate right to people by cutting through the noise or the silence, whatever the case may be, through social media platforms. But see that through tweets now he can affect industry, he affected the stock market yesterday, frankly, and he did it twice. He did it in two different ways: first, by telling Boeing to cancel the project or maybe put it on hold. He thinks it's too expensive, it goes against his entire platform of cutting waste and abuse in the system. And then their stocks went down 1.5 percent yesterday. And then secondly, he went down to the lobby in Trump Tower where the media are, and he announced a $50 billion -- that's with a "b" -- investment by SoftBank.
thedailybanter.com/2016/12/trump-will-keep-using-twitter-to-manipulate-the-stock-market/
The stock market is not a predictor or an oracle of how sound things are, the sheer fact that one man can influence it is just more evidence of that.
