The markets expected Trump to govern like a replacement-level Latin American populist caudillo (which would produce a thriving speculation-driven stock market with some long term problems mostly beyond their planning horizon).
Instead they got the American version of Maduro or Mugabe.
Instead they got the American version of Maduro or Mugabe.
Reposted from
"Online Rent-a-Sage" Bret Devereaux
I think the markets entered this administration extending a *lot* of forbearance and benefit of the doubt for this administration - reading the silver lining of every cloud.
But if your silver linings rain on people enough, I guess, they start to notice all the clouds. And we got there in 2 months.
But if your silver linings rain on people enough, I guess, they start to notice all the clouds. And we got there in 2 months.
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That expectation deeply flummoxed me, but I heard it from folks I know in this sort of broad finance space.