Michael Hudson : Well, I sure was wrong in what I expected Trump to say and do

I guess I have to hope that nobody here followed my expectation that Trump was going to pull off yet another stock-market boom-and-bust set of punches. It was a bust-bust one-two. And it looks like it’s all down from here.

I don’t have any money in the stock market myself, because I’m not a billionaire and the market is only for casino insiders with advance knowledge of what is going to happen. If you’re not a player, you’re the customer expected to make money for the casino, not for themselves.

So where do we go from here? Back to the “real” economy and its depression. After the devastation to come, after many countries and perhaps entire industries go out of business, who will do the rebuilding?

If it’s construction work, from buildings to refineries and oil fields, Trump’s attack may have created a vast new West Asian market for Chinese firms (as one of my Patreon members has written to me with some interesting observations).

This coming world depression is a high price to pay for its role as a catalyst in forcing the Global Majority to create a New International Economic Order protecting themselves from U.S. weaponization of trade, finance and technology.