Well, except for the exact thing I was talking about, which is cash flows in and out of US markets. Net cash flow in, prices go up, net cash flow out, they go down.
Large funds like Bloomberg's for example, can certainly choose to take on higher or lower risk positions based on the managers' views of the market.
Again, the post I was replying to was in the present tense, talking about divestment from US markets in the present.
This could get interesting. Know a few federal employees. Some are under union representation. This grand plan could create a lot of turmoil and blowback, as well as helping achieve some of this Administration's desired objectives. A real issue, though, could be the loss of institutional knowledge.
Don't forget the generals and others in the military they want to fire.
And because unions.....if the union supports any kind of sick out/walkout, Trump will just do a Reagan and declare government worker unions illegal.
Yeah—that's what I alluded to in the desired objectives. Institutional knowledge gone, which may also be a desired goal—along the lines of Bannon's objectives. It will result in a lot of disruption for the public in some cases.
If your goal is to have a functional government, sure. But if your goal is to destroy everything, it's perfectly acceptable to just skip the "finding a replacement" part and leave the job unfilled. Or appoint dozens of people to "acting" roles and just ignore time limits that are supposed to apply to how long a person can serve as an "acting" whatever.
and "creative destruction" is, in this case, code for a billionaire buying you highly competitive business and shuttering it because he doesn't like competition. The "increase in production" is the higher price he can charge on his goods given his new monopoly.
I really wished that things worked this way... Sadly, people like Elon Musk can afford to lose money for decades while small efficient companies won't be able to make payroll within a year or two.
Isn't that the agenda?
Trump's been talking about killing funding of agencies without even getting Congress involved. Just direct people to not spend the money.
This is one of the observations that people who know him well have made about him. Saying he's transactional is an understatement. He seems to view everything as a win/lose competition. So he wants to threaten for instance Canada and Mexico because he thinks if they lose he wins. After all they're smaller, weaker economies than the United States and would certainly lose more than Americans if we cut them out of our markets. We'd only be modestly poorer but they'd be pretty well fucked. So threatening to fuck them that way is the obvious thing to do for him. The idea that both sides benefit from trade just isn't in his worldview.
One thing that I am scratching my head about is Trump's vigor on tariffs. We all know how transactional he is, what is in it for him? Is he banking on bribes and attention for moneyed interests to carve out exceptions? Does his ego think that his base needs this red meat?
Probably it is something as banal as this being one of the few things he can do with ease as an executive order, and he has experience with it already. He'll just take a photocopy of his old XO and cross out China with a Sharpie and scribble Mexico and Canada onto it. Presto! A hard day's work done in five minutes
Never underestimate the banality of evil.
My thanks, you've explained it far more eloquently than my attempt!
If the last couple of sequestrations are any example, projects get wound down in order of business requirements with the contractors being cut loose first. The department then starts shedding contractors in non-essential areas first to keep running before anything else closes down. The lack of funding does allow for the contract's "Termination for Cause" to kick in.
Why would they not be?!?
#include<everyaccusationanadmission.h>
He should get his buddy Elon to post a strongly-worded no-no about that kind of thing on Twitter. Make it clear to everyone in Twitter's vast reach that such behavior is unacceptable, un-American, and won't be tolerated by the powers that be.
I wasn't talking about contracting specifically. How it will play out in that kind of detail isn't really a thing I've thought about much. My company sells to the government though so maybe that's a thing I really should be thinking about.
That's a thing you have to think about as an investor. It's complicated. Tariffs directly reduce profits in whatever amount you can't pass on to customers. There's a reason prices are what they are: they're what the market will bear, so probably you can't pass all of them along to customers. To the extent you can pass them along, they reduce the amount of goods your customer will buy so they reduce sales, which also reduces profits. Tariffs also trigger retaliatory tariffs and trade restrictions that reduce exports for US companies. It's impossible to predict how much.
One thing that I am scratching my head about is Trump's vigor on tariffs. We all know how transactional he is, what is in it for him? Is he banking on bribes and attention for moneyed interests to carve out exceptions? Does his ego think that his base needs this red meat?
Probably it is something as banal as this being one of the few things he can do with ease as an executive order, and he has experience with it already. He'll just take a photocopy of his old XO and cross out China with a Sharpie and scribble Mexico and Canada onto it. Presto! A hard day's work done in five minutes
Never underestimate the banality of evil.
Yet he was often frustrated in his attempts to effect policy and implemented tariffs that hurt many businesses including those who supported him. He may be capable of getting the advice of very smart people, but his track record is one of thinking he knows better.
Well I know them and at the time worked very closely with them... they love Trump and have made a great deal of money during his administration. And all of them supported him again.. If your argument was correct, they would not have supported his reelection.
Considering they run the country and employ just about every one of us, you can forgive me for treating them no differently than I do everyone else. And they are smart people... which to my detriment perhaps forces me to engage with them.
History of tariffs in the United StatesOne thing that I am scratching my head about is Trump's vigor on tariffs. We all know how transactional he is, what is in it for him? Is he banking on bribes and attention for moneyed interests to carve out exceptions? Does his ego think that his base needs this red meat?
Probably it is something as banal as this being one of the few things he can do with ease as an executive order, and he has experience with it already. He'll just take a photocopy of his old XO and cross out China with a Sharpie and scribble Mexico and Canada onto it. Presto! A hard day's work done in five minutes
Never underestimate the banality of evil.
If you are a man like Trump in his position you might be inclined to reproduce the conditions that helped to make the gilded age in the vain hope that you achieve another gilded age. It's a nostalgia for responsible men of yonder days and it's a rejection of most democratic changes since the New Deal era, and it's very on brand for somebody like him.
