Gasp0deTreason in the Futures Markets
https://paulkrugman.substack.com/p/treason-in-the-futures-markets
While I agree it is very suspicious, needs investigating and far, far greater oversight in general, I'm not sure there is enough to conclude this definitely is insider trading. Markets are weird. People trade for weird reasons, sometimes gently and in small size, sometimes aggressively and all at once. We're zooming in at a short window just before the tweet. If you look at random windows you'll find these too. 6.49 am is around lunchtime in Europe, and people exist there too. Crude oil liquidity isnt at its peak at that time but certainly not "thin". It's really not that uncommon for traders to accidentally send a "fat finger" trade, much bigger in size than intended or appropriate for the market conditions.
I'm not trying to split hairs here. There's been plenty of weird coincidences and each should be investigated, and on the balance of probability at least one may well be insider trading at the highest echelons. And in any case, in any financial job you need pre clearance for trades, often justifying why you're doing them if they are odd enough. There are minimum holding periods, day trading is not allowed, and the full record auditable by regulators. It is insane to me that politicians are not subject to such rules and it must change.
But to conclude that a weird trading pattern is definitely insider trading is IMO cheap. It's like TV drama where the unemployed, wife-beater-wearing husband definitely killed the wife, end of story.
The real tragedy IMO is that this is really avoidable. It would take very basic, very standard regulation to stamp this out, and we wouldn't be debating this in a technology forum.
I'm sorry but I'm finding it hard to believe this is a real comment.
How's this a coincidence?
Trump has boasted about this, that's the point we're in.[0]
They're announcing in a newsletter a fund raising where they will share national secrets with donors.[1]
This is literally people paying to get access to privileged information, in a fund raising for what?
Like it's openly being said that if you pay enough money, you will make a lot of money, this is unprecedented.
Trying to normalize it by saying "it's not corruption because it's done out in the open", or to bend reality to make an excuse for this, like it's a coincidence... it's insanity.
This could very well be the end, if the game is rigged at this level - and people trying to get as much out as possible while it lasts, while acting like no one understands what's going on, it's one of the scariest things I've witnessed. It's like we're falling off a cliff and people are shoving money in their pockets while saying "we're not falling, it's just the wind".
Trump BRAGGING about billionaires making money after pausing HIS TARIFF PLAN
Nothing at all in [0] indicates anything about insider information being used to profit. It was a comment about some companies making money after tariffs.
Nowhere does [1] say they are going to “share national secrets with donors.” Sure it’s an aggressive fundraising email (which both parties do) but nobody is selling secrets.
Your commentary is both false and inflammatory.