Trump plays God on Wall Street – this is dangerous – Diepresse.com
Donald Trump called on to buy shares – and only triggered a course fireworks in his customs break hours later. With such power games, he risks the foundation of the capital market.
« Be cool! This is a great time to buy! » While millions of people worry about their custody accounts and the associated provision, Donald Trump has distributed investment tips on social media on Wednesday evening. Only four hours later to announce a political decision that promptly led to massive price gains.
He announced a temporary relaxation of the tariffs that had previously been arbitrarily introduced. As expected, the markets reacted, the courses rose. This shows: Trump treats the capital market like a board game. But he is the sole player – he presents himself as an economic zampano and puppeteer of Wall Street and wants to show that he can conduct them.
The US stock exchange supervision must now decide whether its statements are considered to be market manipulation. The crucial question is whether Trump has already decided to suspend the tariffs when he published his post. And whether there were stock bakes from him or his environment. The opposition Democrats are pushing for an investigation. Several US senators already called for a comprehensive processing of the background of the social media posts and the subsequent change of course for tariffs.
Market manipulation, which is relevant to criminal law, will probably be difficult to prove. However, it is clear that this game is dangerous. Because the capital market is based on trust. It is the case that political decisions have an impact here. However, the impression must not arise that a small elite can control the courses according to their façon. Anyone who misuses the capital market for personal power games endangers the whole system.
Emails: susanne.bickel@diepresse.obstaclecom
