Citadel CEO Ken Griffin donated over $108 million to the GOP in 2024. Now he warns Trump’s Tariffs Are Tarnishing the ‘American Brand’.
Citadel CEO Ken Griffin donated over $108 million to the GOP in 2024. Now he warns Trump’s Tariffs Are Tarnishing the ‘American Brand’.
“When you tarnish that brand, it can take a lifetime to repair the damage that has been done.”
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
Can you imagine your entire job being forecasting what other people's intentions are and making decisions based on it, and being so shit at it that you decide to prop up a guy that's openly saying he's going to obliterate the international economic system that makes your job easy?
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.
I cannot, in fact, imagine this. Not in any way close to what the reality apparently is, anyway.
Trump is starting to lose the parasite class. He markets himself as a billionaire, but he’s a real estate con man. He has no idea how their world operates.
Yeah, the man can’t hold money. Stop the tap going in and he’d be broke in a day.
EDIT:
"Man takes toxic shit in crowded elevator; complains about smell"
Can you imagine as a normal person, giving someone like $5,000 and then having them light it on fire in front of you and then spit in your face as return, lol
Ken Griffin provably lied to congress under oath. The only place he belongs is prison.
Well well well, does his mayo smell now?
The hypocrisy makes me want to throw a bed post at him
It's time we stop caring what CEOs say and start planning on how to handle all the headless corpses
This.
Not that the Daily Mail is the most reliable source out there, but I was curious as to why posters in this thread were talking about "bed posts". I came to discover there is certainly a valid reason why.
More importantly than what CEOs say is the problem of the CEO. We need to decide what we will do with the CEOs and how we will redistribute the stolen wealth.
Now I understand. Also I looked up the Mayo joke and found the explanations for that here: https://old.reddit.com/r/amcstock/comments/pek85m/what_is_the_ken_griffinmayo_backstory/
I didn't know the lore behind him because I just found out about him because I was reviewing the top donor list on open secrets, I searched his name and found that article.
Yup I remember that post in Superstonk. Unfortunately like most of reddit these days that subreddit is a sad former shadow of itself. Some great stuff posted in there back in the day. You can see most of it in book form here.
A whole bunch of stuff about Citadel and Ken Griffin as well.
Trump and his tariff flip flops ARE the American brand