Politics

10336 readers

102 users here now

In-depth political discussion from around the world; if it's a political happening, you can post it here.

Guidelines for submissions:

Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
Do not post ragebait or shock stories. These will be removed.
Do not post tabloid or blogspam stories. These will be removed.
Social media should be a source of last resort.

These guidelines will be enforced on a know-it-when-I-see-it basis.

Subcommunities on Beehaw:

Socialism

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 3 years ago

MODERATORS

[email protected]

‘They’re Laying the Groundwork for Things to Get Worse’: Why Trump’s Economic Messaging Isn’t Calming Wall Street (www.politico.com)

submitted 2 weeks ago by [email protected] to c/[email protected]

3 comments fedilink hide all child comments

Just two months into Donald Trump’s second term, Wall Street is unnerved. Julia Coronado, the president and co-founder of the economic consulting firm MacroPolicy Perspectives, said that’s because investors and executives had convinced themselves that Trump wouldn’t do anything significant to disrupt the market’s upward trajectory.

“We had a pretty great setup for Trump,” Coronado said in an interview with POLITICO Magazine, paraphrasing the thinking on the Street. “Why would he mess with that?”

Coronado, a former Federal Reserve economist who’s held top roles at BNP Paribas and the hedge fund Graham Capital Management, is a widely sought after economic consultant whose clients include asset managers, hedge funds and banks. I spoke with Coronado as she drove to the University of Texas at Austin, where she’s a clinical associate professor of finance at the McCombs School of Business.

Wall Street craves predictability, but Trump’s early priorities — including off-and-on tariffs, government cutbacks and immigration crackdowns — signal that this time around, the president has a much stronger appetite for disruption. He has refused to rule out a possible recession even after markets convulsed following a series of major tariff announcements.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 9 points 2 weeks ago (2 children)

“We had a pretty great setup for Trump,” Coronado said in an interview with POLITICO Magazine, paraphrasing the thinking on the Street. “Why would he mess with that?”

Who would have seen this coming? Nobody would have guessed he'd go nuts with tariffs. It's completely unpredictable. If only he had said he'd go nuts with tariffs during his campaign. Only then could we have possibly known.

Seriously, are these people that stupid? It really amazes me that someone would be surprised at this point that he'd take a dump on the economy and wipe himself with the constitution.

[–] [email protected] 7 points 2 weeks ago* (last edited 2 weeks ago)

I'm convinced that American voters only go by vibes instead of facts or history

[–] [email protected] 5 points 2 weeks ago

He's still going to complain that it takes way too many flushes.