Leopards Ate My Face

6878 readers

502 users here now

Rules:

The mods are fallible; if you've been banned or had a post/comment removed, please appeal.
Off-topic posts will be removed. If you don't know what "Leopards ate my Face" is, try reading this post.
If the reason your post meets Rule 1 isn't in the source, you must add a source in the post body (not the comments) to explain this.
Posts should use high-quality sources, and posts about an article should have the same headline as that article. You may edit your post if the source changes the headline. For a rough idea, check out this list.
For accessibility reasons, an image of text must either have alt text or a transcription in the post body.
Reposts within 1 year or the Top 100 of all time are subject to removal.
This is not exclusively a US politics community. You're encouraged to post stories about anyone from any place in the world at any point in history as long as you meet the other rules.
All Lemmy.World Terms of Service apply.

Also feel free to check out !leopardsatemyface@lemm.ee (also active).

Icon credit C. Brück on Wikimedia Commons.

founded 2 years ago

MODERATORS

TheTechnician27@lemmy.world

418_im_a_teapot@lemmy.world

268

Citadel CEO Ken Griffin donated over $108 million to the GOP in 2024. Now he warns Trump’s Tariffs Are Tarnishing the ‘American Brand’. (observer.com)

submitted 1 week ago by BoycottPro@lemm.ee to c/leopardsatemyface@lemmy.world

26 comments fedilink hide all child comments

The article says:

Ken Griffin says Trump’s tariff strategy is eroding America’s global standing and investor trust in U.S. financial stability.

We already knew this was going to happen. On June 26, 2024 Reuters released an article with the headline "16 Nobel Prize-winning economists say Trump policies will fuel inflation". Trump campaigned on tariffs.

In my view this really undermines the creditably of Ken Griffin because an investor should be able to accurately asses information and determine its credibility to make proper investing decisions. Someone who falls for Fox "News" drivel wouldn't be a good investor. This is why Warren Buffet is outperforming other investors now, he properly prepared himself for Trump's tariffs.

Source for donation amount: https://www.opensecrets.org/elections-overview/biggest-donors

you are viewing a single comment's thread
view the rest of the comments

[–] jonne@infosec.pub 8 points 1 week ago* (last edited 1 week ago)

I don't believe they're that worried about it. A lot of people made a lot of money buying up 'distressed' assets after the GFC with the cheap credit available. If you're wealthy enough, you make money when things are going well, and you buy up anything that's on the market when there's a downturn (preferably with subsidies/cheap credit provided by the government).

If you don't need to have the income from a job to live off, the business cycle doesn't really affect you, it's all play money where you can be on any side of a trade.