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A view of Trump 2.0 from Michael Lewis author of Money Ball, Liars Poker and The Big Short, Humpty Dumpty Was Pushed [ATTACH=full]197019[/ATTACH] [ATTACH=full]197020[/ATTACH] John P. Hussman, Ph.D.President, Hussman Investment TrustApril 2025.........Michael Lewis – the author of Liars Poker, Moneyball, and The Big Short, shares a similar perspective below:The gestalt psychologist Kurt Koffka wrote “The whole is something else than the sum of its parts.” In any form of analysis, the way to draw useful signals is to examine evidence not piece by piece, but in the context of syndromes that convey more information, taken together, than any one piece might convey individually.In the present context, consider the full syndrome of behaviors we are now observingeliminating the individuals responsible for oversightgutting the civil serviceinstalling loyalists at every level of government,abandoning and betraying allies, canceling USDA funding toward food banks for the poor – as if the cruelty is the point,suspending surveillance for Russian cyber-threats,halting funding for election security initiatives, announcing third term aspirations, silencing the Voice of America,violations of the right of all persons to due process (which throughout history has always cracked the egg by starting with those who are least defensible),imposing a global tariff structure with no mapping to any logical framework but chaos,suppressing viewpoints deemed to be “improper ideology”,pardoning loyalists who violently attacked the Capitol Police,$5 million one-to-one business meetings,self-dealing across everything from government agency contracts to self-distributed crypto, territorial aspirations to annex sovereign countries coupled with thinly veiled threats – consider the full syndrome, and it should be clear that this consolidation of power has crossed dangerously beyond the ordinary dysfunction of partisan politics.The Russian-American dissident Masha Gessen described the Russian regime as “consolidation of power for the sake of power, the destruction of civil society, and the creation of a mafia state.” In the words of U.S. intelligence expert Fiona Hill, the system operates as “a highly personalized autocracy centered on a kleptocratic system of governance, based on loyalty and suppression of dissent.” One might consider the possibility that we are ceding every branch of government to people who do not oppose autocrats because they openly admire and quietly hope to become them.Even in the early moments when we recognize subversion but it doesn’t yet sting, silence is corrosive. One is reminded of Martin Niemöller – “first they came for … and I did not speak out.”[URL unfurl="true"]https://www.hussmanfunds.com/comment/mc250404/[/URL]
A view of Trump 2.0 from Michael Lewis author of Money Ball, Liars Poker and The Big Short,
Humpty Dumpty Was Pushed [ATTACH=full]197019[/ATTACH]
[ATTACH=full]197020[/ATTACH]
John P. Hussman, Ph.D.
President, Hussman Investment Trust
.........
Michael Lewis – the author of Liars Poker, Moneyball, and The Big Short, shares a similar perspective below:
The gestalt psychologist Kurt Koffka wrote “The whole is something else than the sum of its parts.” In any form of analysis, the way to draw useful signals is to examine evidence not piece by piece, but in the context of syndromes that convey more information, taken together, than any one piece might convey individually.
In the present context, consider the full syndrome of behaviors we are now observing
eliminating the individuals responsible for oversight
gutting the civil service
installing loyalists at every level of government,
abandoning and betraying allies,
canceling USDA funding toward food banks for the poor – as if the cruelty is the point,
suspending surveillance for Russian cyber-threats,
halting funding for election security initiatives,
announcing third term aspirations,
silencing the Voice of America,
violations of the right of all persons to due process (which throughout history has always cracked the egg by starting with those who are least defensible),
imposing a global tariff structure with no mapping to any logical framework but chaos,
suppressing viewpoints deemed to be “improper ideology”,
pardoning loyalists who violently attacked the Capitol Police,
$5 million one-to-one business meetings,
self-dealing across everything from government agency contracts to self-distributed crypto,
territorial aspirations to annex sovereign countries coupled with thinly veiled threats –
consider the full syndrome, and it should be clear that this consolidation of power has crossed dangerously beyond the ordinary dysfunction of partisan politics.
The Russian-American dissident Masha Gessen described the Russian regime as “consolidation of power for the sake of power, the destruction of civil society, and the creation of a mafia state.” In the words of U.S. intelligence expert Fiona Hill, the system operates as “a highly personalized autocracy centered on a kleptocratic system of governance, based on loyalty and suppression of dissent.” One might consider the possibility that we are ceding every branch of government to people who do not oppose autocrats because they openly admire and quietly hope to become them.
Even in the early moments when we recognize subversion but it doesn’t yet sting, silence is corrosive. One is reminded of Martin Niemöller – “first they came for … and I did not speak out.”
[URL unfurl="true"]https://www.hussmanfunds.com/comment/mc250404/[/URL]
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