This didn’t have to happen. All they had to do was call in one economists ahead of Wednesday and ask what would happen if … Well, Mr president, I’d say a high likelihood of a recession, Global bond market meltdown, stocks crater. Hassett is guilty of malpractice if he didn’t do that. - ThreadSky

steveliesman.bsky.social • 5 days ago

This didn’t have to happen. All they had to do was call in one economists ahead of Wednesday and ask what would happen if … Well, Mr president, I’d say a high likelihood of a recession,
Global bond market meltdown, stocks crater. Hassett is guilty of malpractice if he didn’t do that.

Comments

skyline4438.bsky.social•5 days ago

Hassett said in the WSJ that if Kamala wins, we'd have a recession because she was too unpredictable. Trump would be governing like during his first time, so the markets would like him better.

gajw.bsky.social•4 days ago

Bessent is an accessory to, if not an accomplice in, market manipulation

margueritefahey.bsky.social•5 days ago

Please keep at this, Steve! We need your voice, as well as @carlquintanilla.bsky.social more than ever!

yorik67.bsky.social•5 days ago

They don't want to get yelled at by Trump.

This is what happens when you surround yourself with yes-men and boot lickers instead of those with knowledge and conviction.

trialrun2024.bsky.social•5 days ago

Hegseth et al put our soldiers at risk. https://youtu.be/6DkIbNE25Q0?si=6xTbP9ySZr91pl98. They were supremely confident that their incompetence would be covered up by yhd rubber stamp Republicans.

edumacated.bsky.social•4 days ago

But then how would they steal all the money?

catygirl.bsky.social•4 days ago

You say that like he wasn't told that already. Even Musk thought it was a bad idea, however it did not stop what happened. Oddly, it seems it worked out for E and friendsas they made billions yesterday.

avrilhowes.bsky.social•4 days ago

Maybe the point WAS to tank the markets. He said it. Because the market drop was predictable (ie insiders - sell now), and the dramatic rise after backing down was also predictable (ie insiders -buy now). He did it all in plain sight.

lift4fun.bsky.social•4 days ago

To be fair, Hassett was waiting for it to fall to 35,999. That way he could celebrate 36,000.

timlow3.bsky.social•3 days ago

After torching everything else, they finally got around to the economy and the reaction is, "how could they do this to US?!?"
#econsky #TrumpsTariffs

jvsylvester.bsky.social•4 days ago

The bond market reaction was so predictable. That alone should have been enough.

nilabisan.bsky.social•4 days ago

Have you been paying attention, Steve? It’s a big scam. Now the billionaires owe him.

gu5t4v.bsky.social•5 days ago

They dod call in one economist. Unfortunately that economist (and I use that term loosely) was Peter Navarro aka Ron Vara.

mediumvillain.bsky.social•4 days ago

the person they decided to listen to was the pseudonym of a crank calling himself a scholar

jillreed.bsky.social•4 days ago

A distant cousin to Art Vandelay, right?

gu5t4v.bsky.social•4 days ago

He’s an importer/exporter, but not anymore because tariffs killed his business

sherrygadberry01.bsky.social•4 days ago

Would Krasnov listen to anyone? After all, economists WERE saying tariffs would crash the economy! It’s exactly what Putin wants!

plugrocks.bsky.social•5 days ago

Uh the people who don't believe in science listen to an economist? That's too funny!

thinkyparts.bsky.social•5 days ago

I’ve lost faith in the market. I don’t trust any of them.

hauge319.bsky.social•5 days ago

You are the man as always!

morganza.bsky.social•5 days ago

... if they could find an economist willing to risk being labelled disloyal for disagreeing with Trump.

Remember. In the Trump world, loyalty is more important than competence.

newportny.bsky.social•5 days ago

He’s the most skilled failing upward professional I’ve ever witnessed except maybe Trump himself.

smackmegthermo.bsky.social•5 days ago

There is not one mote of competence in this administration. Not a single one.

for-fs-sake.bsky.social•4 days ago

Keep up the great job and tell it like it is, Steve!

FWIW - high probability Rick Santelli self-implodes on air one of these days (no loss IMO)

princa.bsky.social•5 days ago

Steve, Hassett’s job is to come up with the mathematical/statistical work that proves the desired outcome, not to offer advice that goes against his boss’s gut feeling.

joromi70.bsky.social•5 days ago

If that’s true, he did an even worse job.

pdconner52.bsky.social•5 days ago

They entire White House staff all got rich on the hard earned dollars of middle class Americans invested in 401-K’s who can’t wet their beaks on this market manipulation.

jenonymous.bsky.social•5 days ago

Not the entire staff, only the kleptocrats at the very top and their close friends.

miguel-sittkus.bsky.social•5 days ago

The problem is trump doesn't listen to anyone because he thinks he's a genius, when in reality he's a dumbass.

kellykellygirl.bsky.social•5 days ago

Could've asked a Historian of the consequence of tariffs too.

jwbfat16.bsky.social•4 days ago

Sorry, but it had to happen to make Monday's "oopsie" of a 90-day pause come true so that they insiders could catch all of the loos change spilling from people's pockets as they were shaken up and down, VIGOROUSLY.

imkimim.bsky.social•4 days ago

So glad to have your intelligent voice speaking on CNBC. So tired of all the short sighted, Dear Leader, propaganda. Keep up the good work. Persist!

crisscrossdude.bsky.social•4 days ago

and get this…listen…and then he says, “why didn’t they call an economist?!?”
I know right!?! Yeah, the “if we don’t test then we have no more cases,” guy…

levelb.bsky.social•4 days ago

Right here, this is a completely accurate representation of the situation.

spacemonkeygleek.bsky.social•4 days ago

fairlyclueless.bsky.social•5 days ago

You can't insider trade then Steve, and this is about the cantillon effect. In their minds the democrats got theirs and now they want it too. This is a kelptocracy, please don't be fooled by the words they say.

westernbirding.com•5 days ago

It’s not over

jlbprimary.bsky.social•4 days ago

If you are Stupid enough to believe that Psychopath Adolf 'Dodgie Donnie' is 'Honest' ... then you ARE Stupid Enough to think THAT he CAN REALLY do THIS!!
https://www.facebook.com/share/r/1Ar17axkcP/

auntie-social.bsky.social•4 days ago

Irrelevant. He’s not listening he’s following orders.
And right now he’s manipulating the market to make the rich richer.

iamdarkink.bsky.social•4 days ago

10% tariffs are still a huge drag. That's 300% to 500% increase in average tariff rates. And whatever is going on with China will still be massively inflationary. Using the patient metaphor, we're no longer bleeding out, but we aren't in stable condition yet.

heathrowe.bsky.social•5 days ago

I wonder what Martha is thinking right now…..

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