
01/08/2025
📌 Trump conjures up the Bonanza of riches? Sure, but only for those signing off the press releases. Today’s market is pure Far West—yes, but the nasty, nasty kind.
✍️ Article by Alberto Marolda & Francine (aka “the meanest stiletto on the parquet”)
⏱️ Reading time: 3 minutes (unless you get stuck on the biting jokes or start fact-checking)
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💬 You know the classic “Bonanza” celebrated in all those cowboy films, and nowadays hyped up by the Wall Street Journal? Wealth, abundance, tech stocks soaring on the wings of Artificial Intelligence.
Nothing could be further from the truth!
Headlines might as well be ghostwritten by Microsoft and Meta’s PR, with Jensen Huang from Nvidia waving his slides like overdue promissory notes, and Gates and Zuckerberg doing the wave every time a bot utters “AI.”
Too bad that today, the first day of real tariffs, “Bonanza” only lives in the headlines. The rest? The usual finance barroom—tall tales and fairy stories, while the coffers run dry, the trading floor is soaked with tears and used tissues, indexes crash and the suckers pull the trigger.
Microsoft and Meta: The only ones cashing in?
Maybe. But today, only two have managed to stay afloat: Microsoft, which has been pretending to be an “AI company” for years, while it survives off Windows and Office licenses to public administrations, and Meta, now rebranding as “AI-powered” just for sticking two chatbots into Facebook and WhatsApp.
Spoiler: They DON’T work.
Yes, the same WhatsApp where Meta slipped its AI in without warning, and now, surprise!, the Italian privacy watchdog is knocking at their door.
But the marketing machine screams ‘miracle’…
The Wall Street Journal swears it’s all gold: “Tech Bonanza” here, “AI prosperity” there.
Meanwhile, the Nasdaq is dancing on the edge of the abyss, Big Techs are crying on their charts, and copper has crashed more than 20% after Trump’s latest round of tariffs.
Copper has vanished—look for it, if you can, after the collapse.
The truest indicator of the industrial cycle, evaporated just like trust in Wall Street press releases.
Tariffs: Trump plays the tough guy, the market punches back. Will he get the message?
And then there’s him—the main character: Donald Trump, back as President, slapping on tariffs left and right, pushing “America First,” playing the bully with Europe, China, and even South American coffee producers (with Bolsonaro and Lula as an excuse).
The result?
The real market gets spooked. Companies sell off, traders dump their stocks and cry over copper—if there’s any left to cry over.
The “Bonanza” of Nasdaq in the WSJ is now a saloon shootout—only the fastest sellers survive.
And the rest?
The rest are late-to-the-party investors, embedded journalists singing the glories of free AI (which nobody knows how to monetize without risking a class action), and us, ironic spectators, counting the damage and still asking:
“Bonanza? Riches? But where?”
The truth? In this market, wealth is reserved for whoever spins the best story—until the tariff bells ring and reality hits harder than a wooden counter:
Copper tanks, Big Techs become “widows,” and the only real winners are the market makers pocketing the spread on your tears.
Bonanza was the title of a happy western.
But here, all that’s left is the Far West—the mean kind.
✍️ Article by Alberto Marolda
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