But for the enterprising among you, that probably means there’s some upside asymmetry here. Just know that if you take that trade, you’re effectively betting that Gary Cohn won’t ultimately leave the administration…
Again, this isn’t about whether you like Gary Cohn or whether you think he’s a good choice for the Fed. This is about uncertainty in markets and the extent to which Donald Trump’s ineptitude is setting the stage for all manner of volatility down the road.
“I’m talking – obviously, about Gary Cohn and some other people. That if you don’t like what he’s doing and you don’t agree with it, you have an obligation to resign.”
“I couldn’t agree more. I think Trump staring at the Solar eclipse was the bottom for his Presidency. After that, it’s all uphill. Seriously, there is so little expected of him, he is bound to outperform.”
“The trouble is that as best as one can glean from what is out there, the tax legislation the Trump administration is working towards is more opposed to, than in line with, the spirit of the 1986 act.”
If it’s not one thing, it’s another with this administration. We’ve been saying since the very beginning that although you are of course free to go down with the ship, you should not delude yourself into thinking this ship isn’t sinking.
“President Donald Trump is unlikely to nominate Gary Cohn, his top economic adviser, as the next Federal Reserve chairman, indicating that he is open to considering additional names for a pick he has said he would like to make by year’s end, according to people familiar with the president’s thinking.”
WHITE HOUSE’S COHN SAYS JOBS REPORT NOT DISAPPOINTING
WHITE HOUSE’S COHN SAYS WE’RE VERY PLEASED WITH ECONOMY
Don’t forget, the next Fed Chair is going to have to figure out how to normalize the balance sheet and implicit in that is the notion that “heavy” will indeed “be the head”.