The world saved by the « Panicans »: Trump’s neologism and the virtues of fear on financial markets

From the Wiktionary – The Free Dictionary:
« Panican: Coined in 2025 by Us President Donald Trump, in Reference to People Panicking About the Stock Market’s Response to His Trade Tariffs. Popularised by Donald Trump’s Supporters« (Coined in 2025 by the President of the United States Donald Trump, with reference to people in panic for the response of the equity market to its commercial rates. Diffused by the supporters of Donald Trump).

The neologism of April 7th

Trump launched neologism on April 7thshortly before the opening of Wall Street, to prevent the collapse in the bag that began immediately after the «Liberation Day»Of April 2, in which he had unleashed the planetary commercial war. The effect had been the worst thud of the markets since Covid’s timewith over 3 thousand billion burned in a few hours. Hence the president of the president on his social network, Truth:
« The United States Has a Chance to Do Something That Should Have Been Done Decades Aug. Don’t Be Weak! Don’t be stupid! Don’t Be a Panican (A New Party Based on Weak and Stupid People!). Be Strong, courageous, and patient, and greathness will be the resault!». (The United States have the opportunity to do something that had to be done decades ago. Don’t be weak! Don’t be stupid! Don’t be Panicani (a new party based on weak and stupid people!). Be strong, courageous and patient and the result will be the size!).

So here is that word bornone of the many – no more insulting – invented by The Donald. Among the first to decide it in Italy it was ours Alessandra Muglia: Trump’s post, he wrote in the following days, « exudes all his annoyance for internal dissent. Panican, Crasi between « Panic » and « Republican » (alias cagasotto)it seems a term destined to join the pantheon of other famous insults signed by Trump such as Sleepy Joe And Crooked Hillary. The republican deputy Marjorie Taylor Greene was one of the first to relaunch him diligently on Truth: « The Panicans are losers and bankruptcy! Don’t be a panican! » ».

In short, the word is important because it expresses how few the Trumpian spirit, which is then The spirit of the times: the aversion to weakness, for fear in the face of riskthe call to patriotic endurance of all difficulties and to the fideistic adhesion to proclamations and promises of the boss. A mental discipline of which the hard core of the electorate sorceress (Make America Great Again) has given extensive tests – literally, there is now at least a third of the Americans who would follow Trump whatever he does, and much more than half has voted for it despite the assault on the congress of January 6, 2021 – but that the leader claims to the slightest doubt that sees emerge between the Republicansparty that has literally razed to the ground and in which the straight backs do not abound. But that in the face of the risk of a collapse of the American economy, some rumor worried he shared him.

After a month to break, the word Panican He now back in vogue for arousing an interesting debate on Financial Times. Used it Andy Haldane – English economist considered among the best in the world – In a comment which gives the starting point from the title – The Rise of Panicansthe rise of the Panicans – and also another useful basic definition of the term: « Panican: Noun. A Person OR Party That Panics, Overreacting to Events in A Weak And Stupid Way. Derogatory». (Pantican: noun. Person. Person or party that is panic, reacting to events in a weak and stupid way. Drainage).
Haldane asks a couple of questions that, decontextualizedthey could make believe that in some way proper (elegantly) for the claimed anti-hallmark (much more brutally) by Trump:
« The reaction of financial markets, politicians and media to its tariff ads it was excessive? Catastrophists 24/7 Have they usually declared the end of the world of financial and media markets, and a political class, have panicked by panic?».

Rana Donooharesteemed signature of the City newspaper (his Homecoming: The Path to Prosperity in A Post-Global Worldpublished in Italy by Fazi with the hasty title Globalization is overhe is one of the most cited essays of these years) has been so affected by Haldane’s analysis that she is asking her too If the pessimism surrounding America is not excessive. And he shot the doubt directly to his colleague Edward Luce, whose comments that pessimism express it in every line. Pooroohar writes:
« So, and, my question is the following: you think that the forecasts of an inauspicious summerin which inflation will rise to the stars and the economy will fall into recession, can prove to be completely incorrect? I know that you, like me, have been critical for Trump for a long time, but Are we giving him too little credit? Could we see him pull out a rabbit from the hat in the coming months? Or is this article just a desperate attempt on my part to say something contrary?».
Light replied with a less selective reading of the piece of Haldane: «What I got, is The positive role of the markets in panic and the criminal commentators in convincing Trump to pause his declaration of economic war in the world. In this sense, Panic is playing a constructive role».
In fact, just read it everything, Haldane, to understand that, in this turbulent phase, The Panicans despised by the president are probably saving the worldsince they arrived to infect their own denigrator. Not surprisingly, he writes that « There is an irony, a great irony, in the fact that within a week after the invention of that word, its author (the President of the United States) He has become a member of the Pantican Party. 24 hours of chaos were enough On bond markets so that the « day of liberation » gave way to the « quarter of revenge », with a 90 -day tariff break». A break that Trump announced a few hours after having ridiculed the many foreign leaders who, said, « they kissed the ass»By calling him to beg him to save their country from rates.

Haldane’s analysis therefore is not to not minimize the effects of commercial wars at all, but is illuminating in underlining The self -current effect that the much deprecated panic has on chaos agentsand even more so on a prince of chaos like Trump. On the one hand, therefore, the economist recalls that « In the last 250 years, The tariff shocks from the United States they occurred with a regular cycle of half a century: 1789, 1828, 1890, 1930, 1971. Everyone has left A lasting macroeconomic scar – In the penultimate case (Smoot-Hawley rates) aggravating the Great Depression, in the last case (the « Shock Nixon ») triggering the great inflation « . So«Half a century later, with the world trade now wider and more intertwined, the scars of a shock of the tariff of 2025 they could be even deeper».
But the Panicans arrive herethat with their fears, their animal spirits so instinctive yet codified in the fastest and most professional way that exists in the world, adjust things, because they induce the agent of chaos to fix them. And thanks to telematization, they do it practically immediately, because « act as Disciplinary device in real time For politicians who claim to be able to endure short -term pain. This makes the capitulation faster than in the past. Smoot-Hawley rates lasted four years, those of Nixon four months. The worst of Trump’s rates lasted just a week».

Therefore the forecast of Haldane tends to optimism: of course that a traumatic de-grabbalization can bring the economy to its knees, and Trump could screw in his danger, but «More likely, the arch of the story will return to bend towards the light, with recent events as a pious notes of the page and not titles. What we have witnessed is a panic attack rather than a heart attack for the world economy – indeed, A car-stability. In an era too anxious and without rudder, The rise of the Panicans can save us from ourselves».
Of course, when it happens, i Sanewasher of Trumpism, the reclamation of his eagle, will write that the adjustment will be thanks to the president, and the most shameless that was exactly what he pointed to with the apparent chaos. Instead It will be necessary to thank the panic practitionersthat when it does not paralyze but induces the adjustor action It is the most rational element possible to oppose the chaos.
« On the duties we are flexible. Maybe we made a little wrong». He said itTrump yesterday.