How markets see things:
The pro-growth stuff that will be difficult to get through a 218ish-215ish House is definitely going to happen, and the anti-growth stuff he’s been saying forever that he’ll do and which he can do unilaterally on day 1 is a bluff for negotiating purposes.
The pro-growth stuff that will be difficult to get through a 218ish-215ish House is definitely going to happen, and the anti-growth stuff he’s been saying forever that he’ll do and which he can do unilaterally on day 1 is a bluff for negotiating purposes.
Comments
Second phase is dellusion, then comes adapting to the new absurd reality.
Bluffing is a huge part of the mo which also gets almost immediate reaction from the market which also happens when nothing has happened at all which again comes back to nothing but vibes for a plan. Well vibes and destruction. Quagmire
Either that or, yeah, the tariffs are happening.
How the market understands that, IDK. But seeing this as economic policy misses that it’s personalism first & politics second. He is not a rational actor; it’s not about the economy.
Markets see whatever they want to see.
“We can just sell poor people expensive houses they can’t afford forever, and the main problem is people aren’t buying them as fast anymore”.
Wall Street is a herd, not a distributed intelligence machine.
But if he even attempts to do what he has claimed then the markets are very very wrong here.
These margins are impossible for Republicans. Some of these people have not voted yes on anything since 2008
So-called deficit hawks will find a few fig-leaf pay-fors and then go along with the team.
This is not zero rates and the fed doing QE like in 2016. CBO has to factor in these rates over 10 years and that makes it 3 trillion.
People in the market are delusional if they do not think he is serious.