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‘3D Chess’ Tariff Strategy Looks Suspiciously Like Chaos To Stocks, Bonds, Fed
If Donald Trump was playing "3-D chess" with the Fed before this month, I don't know what you call w
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3D chess or 1D checkers?
On Squawk Box this morning, amusing to see Wilbur Ross roused from his usual torpor by Kayla Tausche’s “belligerent” questioning. of course, good old Kiss-Ass Kernan rode to the rescue to remind everyone just how great the Trump economy is
This was all predictable………The market wants to desperately believe there is a fix , preferably a quick one. Too bad the same rule doesn’t apply to all other problems we are confronted with…. The cycle will complete itself and we can all then ponder whether or not Trump was playing checkers or bad chess….Or maybe he just knocked all the pieces on the floor like he is prone to do…
George,
I think the market, and most professional observers, believe Trump will act in a rational manner to put him in the best position for 2020. The market and these observers are wrong. Trump might act in a way that helps his election chances by sheer luck or whatnot, but he’s going to do whatever his yuge brain tells him to do at any given time. He’s acts like a spoiled child with the rationality of said child.
Is there anything he could say in the next 24 hours that would be major market-making news that would surprise you?
I think you hit the crux of it as well as exposing the cause of the dilemma that the market seems unable to shrug off. Point being that all this self interested rhetoric by Trump as well as the financial media and others has about run it’s course and there is virtually nothing left to say or do that has not already been said or done….Anesthesia by info/rhetoric overload or what have you !!!!
That’s why nothing stops what has to happen next…..
“They who lay traps for others are often caught by their own bait.They who lay traps for others are often caught by their own bait.”
With an accidental nod to Godwin, Hitler did all kinds of crazy things that upset the international order that should not have worked, but did. What looked like politically, tactically, and strategically bold and brilliant moves at the time were the result of dreams and astrology and the stupidity and cowardice of his enemies. Hitler fell ass backwards from success to success so many times that he started to eat his own dogfood. Then he invaded the Soviet Union.
Hear that Mitch? You can still end this madness. Mitch…you awake?