Citadel CEO Ken Griffin told Semafor Wednesday that there are ‘no great opportunities’ in today’s rattled markets.

Donald Trump is moving too fast, alienating allies, making Americans poorer, and tarnishing the sterling reputation of US assets, Citadel CEO and founder Ken Griffin said Wednesday.

Though the president may have identified real problems, his methods to solve them don’t appear to be working, and are unlikely to revive American manufacturing, Griffin told Semafor’s Gina Chon at the World Economy Summit in Washington, DC.

Previously, Griffin said, “no brand compared” to US Treasurys, the strength of the US dollar, or the nation’s creditworthiness. But Trump’s tactics have “eroded” that reputation.

  • Damage@feddit.it
    12·
    12 hours ago

    Every moment they live with that kind of wealth is a moment that a poor mother cries because she can’t feed her kids, some poor folk dies because he can’t afford healthcare, some kid learns what it means to be poor.

    I understand enjoying life and some luxuries from time to time, I don’t want anyone to renounce their humanity for ideals imposed by others, but every time I read about billionaires’ antics I can’t help but think of my mother checking all the price tags at the supermarket, driving cars unfit for the road and so on… And we have never even touched real poverty, I can’t say I ever skipped a meal.

    So yeah, I can be tolerant as much as you want, I sure don’t plan to go Luigi anyone, but no super luxury hotel stay is worth kids going hungry, not to mention other bullshit.

    • aldfin@lemm.eeEnglish
      1·
      11 hours ago

      Gates is leaving 1% of his wealth to his kids. Rest goes to the causes you mentioned.

        • aldfin@lemm.eeEnglish
          1·
          9 hours ago

          Right but when he’s dead it will go to charity and hopefully to far better use than giving it to the US government to waste on interest payments and military spending.

          • Damage@feddit.it
            2·
            7 hours ago

            Yeah or he could just not extract it from his employees and let the economy distribute it around, or give it to charity NOW, I mean even if he gave billions it wouldn’t change his life one bit, except he’d lose power, and that’s all these psychos care about.