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David Kauders's avatar

Trump is piloting a diplomatic version of the Greater Fool theory. In Investment, people buy believing they will be able to sell at a higher price. Eventually the greatest fool of all comes along: he has nobody left to sell to.

Trump's version is "Never admit a mistake or a loss, something will turn up". He is being played by Israel because his loss aversion exceeds his concern about the midterms. He has nothing left to turn to.

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