“We’re not going to have a real conversation here — can’t you just tell the president that he is brilliant and say we’re losing … the connection and then hang up?â€
To be sure, it’s impossible to know when something like this will finally succumb to reality, but these kinds of things are vulnerable to crises of confidence and in the absence of any kind of fundamental thesis to fall back on, it won’t be immediately clear where the “bottom” is when Wile E. Coyote finally looks down.
If you’re like everyone else in America, you’ve got some questions for Treasury Secretary Steve Mnuchin.
“That’s one small step for rich people and corporate ‘citizens’ and one giant leap for Republicans who can’t get shit done”…
You people are an irrational bunch and you always have been.
“There is no possibility whatsoever that the king will abdicate,’’ one official said, in response to written questions on Sunday, adding that Saudi kings are in the habit of remaining in power even when they’re sick and besides, King Salman “enjoys perfect physical and mental powers.”
Steve is at war – still.
“When given a choice between $1,000 worth of Bitcoin and $1,000 worth of a traditional financial asset, 27 percent of millennials chose Bitcoin over an equivalent amount of stocks, 30 percent chose Bitcoin over government bonds, 22 percent chose Bitcoin over real estate, and 19 percent chose Bitcoin over gold.”Â
“Should the markets begin to reverse, however, investor goals will turn to capital preservation and limiting losses.”
Some folks are defaulting.
“Today’s market is in desperate need of a “Value Investor’s DeadPool.†With the constant fleeing of capital from active management into passive (most of which can certainly not be described as moving into “valueâ€), the pain for those investors still believing that buying cheap companies has merit is intense.”
So this is where the wagons get circled. It’s time to go to the mattresses for Trump and his associates. Meanwhile, it’s time for the blogs, Breitbart, and Fox to implement a full-court press to try and deflect from this.
Donald Trump decided to sleep in on Sunday morning and take a break from the kind of egregious social media tirades that have plagued his presidency and undercut his agenda since the inauguration.
I’m just kidding.
“Dear Jamie. Last week you said a few things about Bitcoin” …
“I said ‘NO THANKS’.”
“There’s real danger but at the same time, the central figures are so laughable that it’s difficult to accept it as reality”…
“There’s no domesticated animal species that has had more of a reputational fall from grace than the sheep. To call someone a sheep today is just about the worst insult there is. To call someone a sheep is to call them stupid and — more pointedly — stupidly obedient and in thrall to some bad shepherd.”
Let me just be as clear as possible: this is a potentially disastrous decision. He is going to open the door for Iran to resume its nuclear weapons program and indeed, by effectively spitting in the face of all the parties involved in crafting the deal, he is going to further isolate Washington from the rest of the world.Â
“We want to lend our voices to changing this flawed system, which is crippling our nation and especially affects people who are poor or of color.”
“we believed it would be easier to deal with other differences with Tehran if we weren’t simultaneously confronting a nuclear regime.”
There’s always tomorrow.
“The difference this time is that those macro pressures are being combined with a broad array of idiosyncratic negatives.”
“During the last couple of weeks I have noticed that often Nasdaq underperforms the broad market, and it looks more tired than Lindsay Lohan’s probation officer.”
“There will not be a book published this fall more urgent, important, or controversial than The Dangerous Case of Donald Trump, the work of 27 psychiatrists, psychologists and mental health experts to assess President Trump’s mental health.”
Paging John Kelly, paging John Kelly…
Can I borrow your double-edged sword?
“We are ALL being played. Including JD.”
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