Summary
- The Trump administration deliberately induced a stock market crash, which was revealed to be a move to avoid debt of about $7 trillion.
- Pompliano emphasized that in anticipation of the Fed's interest rate cut, they lowered 10-year Treasury yields to create favorable conditions for the bond market.
- Major indices including Nasdaq and S&P 500 plummeted, and the cryptocurrency market also showed weakness in Bitcoin and Ethereum.
Amid the sharp decline in risk asset markets including Nasdaq and cryptocurrency markets today, claims have emerged that President Donald Trump and his administration deliberately caused the stock market crash.
On the 11th, Anthony Pompliano stated through X (Twitter), "If the Federal Reserve (Fed) lowers interest rates in response to this market decline, the Trump administration could avoid debt of about $7 trillion," explaining that "Trump and his team deliberately mentioned imposing tariffs and significantly lowered the 10-year Treasury yield to create favorable conditions for the bond market."
In the previous day's U.S. stock market, 'fear of recession' swept the market, with Nasdaq (-4%), S&P 500 (-2.70%), and Dow Jones Industrial Average (-2.08%) closing lower.
In the cryptocurrency market, major digital assets showed weakness, including Bitcoin (-3.50%), Ethereum (-9.68%), and XRP (-6.61%).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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