From The Archive, On Election Day: ‘If Trump Were A Market Maker, He Wouldn’t Last A Week’

Editor's note: I thought long and hard about what to feature prominently on Election Day in the US. In addition to the standard coverage, I decided to run something from the archive. While I'm everywhere and always predisposed to delusions of grandeur when it comes to the profundity of my own missives, I'm unfailingly humbled by every commentary penned by the pseudonymous NotesFromDisgraceland. Try as I might, I could think of no better Election Day post from our deep archive than the follow

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19 thoughts on “From The Archive, On Election Day: ‘If Trump Were A Market Maker, He Wouldn’t Last A Week’

  1. Wow! How true and yet, 43% of this populus support him to be our President. That says something terribly bad about the state of our union.

    1. Yeah, I keep telling people, there’s a reason why I feature Bjarne’s content. His stuff is incredible. Every, single piece is incredible.

      1. I don’t agree with all of his “stuff”, but I apologize. I was wrong. Make the man the prosecutor at any trial that might result from our present circumstances. Thank you for your blog.

  2. I had hoped for an epiphany. Mr KNAUSGARD has a persuasive argument against such a hope. March would have been better late than never.

    1. Yes, you think that even now after all of it, all of the three + years Trump could pivot. The man who stole the Republican party, think of that, the man that stole the Republican party! afforded an opportunity as neither a Democrat or a Republican, at a pivotal moment, could change the course of HUMAN HISTORY and forge a compromise that benefited ALL AMERICANS. EVEN NOW, when it appears that all is lost he could step outside the box and paradoxically ensure his re-election, ensure even immortality, by holding the respective divisions feet to the fire and forge a compromise…
      HE WILL NOT.
      After reading the post you realize.
      He will not.

    2. The night of March 11 he showed himself incapable of leadership. A coward who turned his back and walked away from battle. Not my Commander and Chief. Thanks H. for the reprint, excellent idea. I have not ever been excited about voting, always did vote. I am excited about lining up tomorrow .

  3. Over the first +/- 10 paragraphs, I thought this article was about the US public equity and public debt markets, and their dependence on the Fed over the past 10+ years to ensure (or perhaps “insure”) virtually no downside…

  4. This is not the first nor the last time he has taken a lopsided gamble. He has done it his whole presidency and business life before. Only while he is president we are his chips.

  5. What I appreciate about this piece is not the summing of the failures (pre- and as-President)–though the portrait they present is pretty damning–it’s tying it back to a solid foundation of risk analysis and the structural perversions of post GFC-markets. It makes me wonder what the writers who warned me of monopoly capital would make of socialized casino capital.

  6. On a personal note, our esteemed content provider is, always and everywhere, fond of catch phrases, and presently, I believe “gallons of digital ink” may have been displaced by a new one!

    Having read some macro texts this year with more on my list, I can identify with the tendency to use that succinct, absolutist qualifier; I wonder what H has been reading lately that’s got it lodged in his head!

  7. It is sad that every American has not read this and that most Americans are incapable of understanding it. Maybe, just maybe, those that have will help change the world to a positive direction that is much needed now more than ever.

  8. Excellent article. I think this will stand the test of time and should be part of a reconstruction of events to understand the age of the unprincipled Republican which for me started in Nixon years but was on full display in the McCarthy years as well.

  9. Even as Republicans have worked frantically to discourage voting and to prevent ballots from being counted, officials in many states have made it easier to vote than ever before.

    Even as a caravan of Trump’s most fervent supporters in all of Texas decided that America didn’t resemble Fallujah quite enough for their liking, and so they engaged in a little recreational vehicular terrorism, surrounding a Biden campaign bus and trying to force it off the road.

    Even as Trump has celebrated acts of violence against people who do not support his re-election, Americans in the millions have taken advantage of these new opportunities to vote.

    Even as some can be found behind the wheels of police cruisers, violently enforcing institutional white supremacy while drawing a taxpayer-funded salary, as in the case of the uniformed goons who tear-gassed a crowd of entirely peaceful Black Lives Matter protesters in North Carolina this weekend, rather than allow them to continue their planned march this weekend to their local polling station.

    Even as the coronavirus pandemic rages, record millions of Americans have put on their masks and voted early, waiting for hours in long lines.

    Today, millions more plan to put on masks and vote in person. Some will wait for hours in long lines – a heroic response to a disgraceful reality – to exercise their right to pick the people who will serve all Americans in Washington, not just Trump’s followers… and in state and local government.

    It is through these individual acts of patriotic Americans that our representative democracy will be renewed.

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