For those unaware, the "TACO trade" is when Wall Street investors trade based on the principle that "Trump Always Chickens Out". For example, buying in a tariff-induced dip on the principle that he'll probably repeal the tariffs.
Now that someone's said to Trump's face that Wall Street thinks he always chickens out, he may or may not stop doing it.
> Now that someone's said to Trump's face that Wall Street thinks he always chickens out, he may or may not stop doing it
The point is he’s powerless not to. The alternative is allowing a bond rout to trigger a bank collapse, probably in rural America. He didn’t do the prep that produces actual leverage. (Xi did.)
yeah, I thought the same thing. Steel tariff announcement is the first real test.
Announcing the US Steel merger? / purchase? at the same time I think is part of the plan. I think he is going to stick this one out to prove them wrong. Would be interesting to see if TACO is even real, I could see someone on wall street opening a ton of puts, making the story up and then leaking the fake story to the reporter.
TACO
For those unaware, the "TACO trade" is when Wall Street investors trade based on the principle that "Trump Always Chickens Out". For example, buying in a tariff-induced dip on the principle that he'll probably repeal the tariffs.
Now that someone's said to Trump's face that Wall Street thinks he always chickens out, he may or may not stop doing it.
> Now that someone's said to Trump's face that Wall Street thinks he always chickens out, he may or may not stop doing it
The point is he’s powerless not to. The alternative is allowing a bond rout to trigger a bank collapse, probably in rural America. He didn’t do the prep that produces actual leverage. (Xi did.)
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Don't look a gift taco in the mouth
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yeah, I thought the same thing. Steel tariff announcement is the first real test. Announcing the US Steel merger? / purchase? at the same time I think is part of the plan. I think he is going to stick this one out to prove them wrong. Would be interesting to see if TACO is even real, I could see someone on wall street opening a ton of puts, making the story up and then leaking the fake story to the reporter.
Mission accomplished.
And the reason why I said it is because 174 is part of Trump's Cut^3 bill from 2017. DOE 174.