We're in a protracted standoff right now over who Trump picks for treasury 1) Trump is dead serious about enormous tariffs 2) Trump also really wants STONKS to go up. He wants someone markets respect It's really hard to see how he gets BOTH - part of why picking treasury is proving so hard - ThreadSky

jeffstein.bsky.social • 103 days ago

We're in a protracted standoff right now over who Trump picks for treasury

1) Trump is dead serious about enormous tariffs

2) Trump also really wants STONKS to go up. He wants someone markets respect

It's really hard to see how he gets BOTH - part of why picking treasury is proving so hard

Comments

esmewrites.bsky.social•103 days ago

thot trump was gonna fix economy, not the markets. guess his voters wil find out soon enough 🤷‍♀️

gobearcats.bsky.social•102 days ago

Trump will probably select John Gotti for head of Treasury.

misstaken2050.bsky.social•102 days ago

Stonks is hilarious

rimaregas.com•103 days ago

Maybe he'll end up picking Tim O'Leary after giving him US citizenship?

elkmovie.bsky.social•103 days ago

I feel like the compromise they’re going to settle on is massive tariffs that are incredibly narrowly targeted, so he can boast about his big beautiful tariffs but not actually have them do anything and then declare in a few months that the record stock market is thanks to his tariffs

elkmovie.bsky.social•103 days ago

The US doesn’t really import Chinese cars now anyway, but Trump can still announce a 200% tariff on them and declare that he saved the American auto industry

cgillespie62.bsky.social•102 days ago

Biden already put them at 100% this year, but I suppose that will get lost in any trump reporting later on.

yavin.bsky.social•100 days ago

Okay. 10,000% tariffs on Chinese cars.

cgillespie62.bsky.social•100 days ago

Now that's serious business!

jonosaka.bsky.social•103 days ago

Yeah I think this is the way. Announce tariffs then basically give every company that grovels at his feet an exemption. So he can boast about the tariffs without actually tariffing anyone and also have the corporations by the balls by hanging the tariffs over the heads.

nspifer.bsky.social•103 days ago

Global financial flows are huge and beyond the control of any one country, party or person. They can provide a bigger source of restraint against Trump than many here may appreciate. A vote of no confidence from the markets will be hard to explain away or spin.

ganini23.bsky.social•103 days ago

The markets reaction to Covid is the only reason he ever did anything about it.

brooklynkid53bskys.bsky.social•101 days ago

afaik, the dollar has strengthened a lot recently which ?? means the tariffs will have little effect for a few months ?

yavin.bsky.social•100 days ago

Tariffs have nothing to do with the strength of the dollar.

lylescout.bsky.social•103 days ago

Kid Rock, obviously.

mikeyjoe23.bsky.social•103 days ago

You mean he can’t have his cake and eat it too? Shocking…

tripoley1966.bsky.social•103 days ago

This strikes me as a divide with Musk. I think Musk wants to tank the economy and divide up what’s left over. And then he gets to create some weird dystopian society that only his warped mind could envision.

jonosaka.bsky.social•103 days ago

Unironically, tanking the economy would actually solve the inflation issue. I don't think Trump would approve of that, however.

brixnstixnpux.bsky.social•103 days ago

Proof that Trump has absolutely no understanding of how the economy works

revenus.bsky.social•103 days ago

Guess reality sucks.

jc-econ.bsky.social•103 days ago

Good framing

smartcookie0087.bsky.social•91 days ago

No question, he’ll go with stock manipulation because that goes directly to his pockets, pump & dump.

ralphtheewiggum.bsky.social•103 days ago

Why doesn’t he just order the stock market to go up?

maggiel1972.bsky.social•103 days ago

excellent user name and handle btw

ralphtheewiggum.bsky.social•103 days ago

Thanks hehe…utterly failed at that on Twitter now’s my chance to be reborn!

bvlikeslinguica.bsky.social•103 days ago

…Billy McFarland maybe?

newroad56.bsky.social•102 days ago

is there a way he could “thread the needle”?

dashwoodsister.bsky.social•103 days ago

Thank god Jeffery Dahmer is dead trump would have put him in charge of the FDA

jtcestkowski.bsky.social•103 days ago

It will be an interesting first test of exactly how "populist" his administration will actually be.

ccacy.bsky.social•102 days ago

When will someone explain tariffs to him? 🤦‍♀️

tracydaniel.bsky.social•103 days ago

I think the two things Trump is most serious about are revenge and massive tariffs. That’s why I just bought 12 lbs of cocoa for my home bakery and plan to order a lot more next week. I only go through about two pounds a month, but it’s good for over a year.

imacanadianinusa.bsky.social•103 days ago

like Scrooge McDuck...

ruoshuiresearch.bsky.social•103 days ago

let them fight

https://bsky.app/profile/ruoshuiresearch.bsky.social/post/3laja7r4m3m2a

ruoshuiresearch.bsky.social•103 days ago

H/T @rajakorman.bsky.social

fussam.bsky.social•102 days ago

Well once his staff told him Milburn Pennybags wasn’t real he’s had to scramble for a replacement

spacetimelattice.bsky.social•103 days ago

show him the graph of effective import tariff but label it STONKS

ariesjay.bsky.social•102 days ago

I think the dementia is progressing. It runs in his family. Pops passed from it.

nosuperhero.bsky.social•102 days ago

Trump doesn't have the intelligence to dream up tariffs. So who's telling him to do this?

leonvn.bsky.social•103 days ago

Tariffs are incredibly stupid if he truly does it he'll ensure a blue tsunami

yavin.bsky.social•100 days ago

When you have a propaganda network spewing garbage 24/7, you can get away with anything.

fluidice.bsky.social•103 days ago

Nah. He'll do it and blame the libs for the guaranteed disaster.

drewwhite9.bsky.social•103 days ago

That doesn't really work with the swing voters who blamed Democrats for post-pandemic inflation (even tho it hit every developed country). They'll blame who ever is in the WH if their wallet is affected.

leonvn.bsky.social•103 days ago

No doubt that plays a part every incumbent got hammered in recent elections. But I've also seen far too many i don't know what kamala is proposing.
Or trump is gonna get rid of income tax.

Things which is nonsense if they did even basic research

esandrof.bsky.social•102 days ago

Swing voters will be subjected to 24/7 propaganda from right wing media blaming the Dems for economic chaos.

fluidice.bsky.social•102 days ago

They'll blame whomever Trump and Musk tell them to blame. That's why they were swing voters to begin with - not the brightest bulbs in the chandelier.

greatgenes.bsky.social•101 days ago

I heard he is thinking of Sam Bankman-Fried (only half joking!)

jschneid.bsky.social•103 days ago

Any indication of which way he's leaning?

dianeb1.bsky.social•102 days ago

Whoever it is will get to preside over raising inflation and costs, and possibly a recession due to the higher taxes on the middle and lower economic classes caused by tariffs.

gestaultineer.bsky.social•103 days ago

Is Mnuchin not rich enough for the next administration?

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