Trump Presidency Round 2

NDShark

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Interesting group of idiots you've elected.

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ab2cmiller

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I guess most of the gains yesterday was caused by shorts that were being squeezed and scrambled to cover their positions.

 
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Sea Turtle

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Bluto

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Trump is so full of shit.

“If you'll remember all that talk about NVIDIA H100 chips, those highly advanced chips, well, it turns out, and this was published in a trade publication, that the Trump administration is likely to drop the export control on NVIDIA's most highly advanced chips to China. Now, how exactly did that come up?

That's a massive reversal in semiconductor and chip policy. It turns out that Jensen Wang, the CEO of NVIDIA, bought one of those $5 million things where he wanted to go and have dinner with Trump. And in his dinner with Trump, he was like, listen, there's no reason to do this.”

From Breaking Points with Krystal and Saagar: 4/10/25: MAGA 'Art Of The Deal' Cope, Mass Bankruptcies From China Tariffs, Immigrant Screening For Israel Criticism, Apr 10, 2025

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NDVirginia19

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They can't/won't admit it. The astute financial experts need more time digesting the results before carefully weighing in.
I don't think he's a 4d master chess player that can do no wrong, and I think his economic policy is pretty flawed, but I don't think he is any more stupid than the average politician we have had in my lifetime. I think that he is more boisterous and lacks the humility that other politicians have which exaggerates how stupid he comes off.
 

Bluto

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I don't think he's a 4d master chess player that can do no wrong, and I think his economic policy is pretty flawed, but I don't think he is any more stupid than the average politician we have had in my lifetime. I think that he is more boisterous and lacks the humility that other politicians have which exaggerates how stupid he comes off.
No, he’s legitimately stupid. Do you honestly think given all his failed business ventures and demonstrable lack of business acumen that he would be a person of any consequence if he did not inherit a shit ton of money?
 

NDVirginia19

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Trump being able to replace JPow with a MAGA lackey will be the final nail in the US economic coffin.
I definitely sympathize with this point. But I still think independent regulatory agencies are unconstitutional without an amendment allowing their creation. With a healthy political climate, we normally would be able to trust the Senate to use their authority of advice and consent to reject the My Pillow guy from running the FTC, but I understand that the level of sycophancy would challenge that. I think the margins are thankfully slim enough now that we wouldn't have to worry about that, but who knows.
 

NDVirginia19

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No, he’s legitimately stupid. Do you honestly think given all his failed business ventures and demonstrable lack of business acumen that he would be a person of any consequence if he did not inherit a shit ton of money?
There have been better businessmen, there have been worse businessmen.
 

Bluto

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There have been better businessmen, there have been worse businessmen.
He ran every single company he ever owned/managed into the ground and corrupt as hell.

If a bunch of shady foreign money hadn’t been funneled into his companies in the early 2000’s he’d be living in a tent.
 

NDVirginia19

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He ran every single company he ever owned/managed into the ground.
Not really. The core of his real estate business - his hotels, golf courses, office buildings, etc. - were all generally still pretty profitable. As was the Apprentice and his Trump licensing.
 

Bluto

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Not really. The core of his real estate business - his hotels, golf courses, office buildings, etc. - were all generally still pretty profitable. As was the Apprentice and his Trump licensing.
See my edit above. Also, below. The Frontline piece delves into this as well. His bailout had nothing to do with his business acumen.


 

GATTACA!

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I still think independent regulatory agencies are unconstitutional
Frankly I don't give a shit. With the extent of our current political polarization no President needs that power, especially Trump of all people.

If he replaces Powell with some MAGAT idiot that agrees to slash rates to 1% in order to get the position he's going to do damage that is unrecoverable.
 

TorontoGold

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I don't think he's a 4d master chess player that can do no wrong, and I think his economic policy is pretty flawed, but I don't think he is any more stupid than the average politician we have had in my lifetime. I think that he is more boisterous and lacks the humility that other politicians have which exaggerates how stupid he comes off.
His private life pre-presidency is enough evidence to know he's not a smart person. His recent economic embarrassment is pretty much the nail in the coffin of him being objectively an idiot. He destroyed international confidence in his ability to have sound economic policy. We're not even talking about culture war stuff, the main black and white measure of success being - economic policy is a resounding embarrassment. You'll be hard pressed to find a president who has embarrassed themselves this publicly and unanimously. I have clients that are listed in London/HK and they are all pretty conservative and they're shocked at the lack of foresight.
 
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