🧵Paul Krugman: «Over the weekend…Trump…announced that the US would begin bombing power plants…that supply electricity to Iran’s civilian population—unless the Strait was cleared.
At 7:05 AM Monday Trump called the whole thing off…
Who could have seen this coming?
The…person or people who bought large quantities of stock market futures and sold large quantities of oil futures around 15 minutes before Trump’s announcement.»
#InsiderTrading #Iran #FuturesMarkets #WallStreet
https://paulkrugman.substack.com/p/treason-in-the-futures-markets?utm_source=post-email-title&publication_id=277517&post_id=191963224&utm_campaign=email-post-title&isFreemail=true&r=ecpv&triedRedirect=true&utm_medium=email
Treason in the Futures Markets

People close to Trump are trading based on national secrets

Paul Krugman
🧵2/2 «When officers of a company or people close to them exploit confidential information for personal financial gain, that’s insider trading — which is illegal. But we have another word for situations in which people with access to confidential information regarding national security — such as plans to bomb or not to bomb another country — exploit that information for profit. That word is “treason.”»
#treason #InsiderTrading #Iran #FuturesMarkets #WallStreet
https://paulkrugman.substack.com/p/treason-in-the-futures-markets?utm_source=post-email-title&publication_id=277517&post_id=191963224&utm_campaign=email-post-title&isFreemail=true&r=ecpv&triedRedirect=true&utm_medium=email
Treason in the Futures Markets

People close to Trump are trading based on national secrets

Paul Krugman