The very evil and malevolent Gary Cohn, #2 cuck at Goldman Sachs, has fired himself over Trump’s proposed steel tariffs. Like a baby crying over seeing shit in his sandbox, Cohn has decided to extricate himself from the MAGA platform and crawl back into the private sector — where he could enact trades that can do far more damage to the economy than anything he’d be able to do at the White House. For a man like Cohn, this is a most preferable decision.
His statement.
“It has been an honor to serve my country and enact pro-growth economic policies…I am grateful to the president for giving me this opportunity and wish him and the administration great success in the future.”
Several months ago, the idea of Cohn leaving would’ve laid waste to the stock market. Since then, markets have found their footing and no one really gives a shit now. Literally nothing can stop progress.
SPY futures are -1.2%.
Good riddance, fucked face.
Food for thought. Working for Trump, Cohn was forced to divest his shares in GS. As such…
Cohn's take home from working just over a year with Trump: $284MM tax free
— zerohedge (@zerohedge) March 6, 2018
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Y eahB itches
vix has been upheld above 16, they havent dropped it, and the convergences are here
Another one of them out, tons more to go. Donnie Drumpf cleaning house. Prezz EO or legislation needed by APRIL 7th to make this trend permanent,
https://tinyurl.com/y9pyvaxb
C’mon, cleaning house? HE PUT THEM IN THERE and the Republican Senate confirmed them!
In other news, I guess this answers the questions about whether the symetrical triangle in QQQs will resolve up or down.
It’s hard to keep up with WH/Trump’s 3D bullshit. I hope MIC has Trump’s back when the deep state swamp bolsheviks ‘pull it’.
$284MM tax free – shrewd. Color me skeptical “this” was not Cohn’s intent right from the beginning…gov’t position for personal benefit.
Him and many others who pull this shit and stay for a year. Those tax breaks should be rescinded if these hebs quit
Right. Only Trump and Jared should profit from this crap!
Completely agree Sarc
What idiot hired this guy in the first place…oh yeah, it was Drumpf.
The market was looking so good too. SMH.
Cohn could have continued banking it in the private sector but he decided to step up and try to prevent our economy from ruin because he knew Trump is a fucking idiot. He offered many good ideas along the way and repeatedly spoke up when Trump was pulling stupid ideas out of his ass. Trump fortunately listened to him a few times. But Cohn was ignored too many times. He had enough of the clown. Cohn said if you aren’t going to take my advice, and actually go through with this tariff shit, then FU buddy I am GTFO here.
I fucking love Trump to be frank. Volatility is ambrosia to my accounts.
Apparently these non-Ivy League Jews who have been trying to appease Trump are failing.
Who cares. This market can shake off anything.
I care to the extent that trade wars can inflict real damage to the #MAGA heartland folks (a.k.a. deporables and irredeemables).
I very much want Trump to fuck them, and fuck them royally and repeatedly. He can do that way better than Hillary ever could.
We need to ignore the distraction of “trade wars” etc. The banksters want global currency. Gold would do it; however, that’s not what banksters want. Banksters want their own global currency they control (i.e. SDR) to do away w/ Triffin paradox.
https://tinyurl.com/jkt2neg
In light of your awareness of The Dilemma, I don’t see why you think US bonds will soar.
To a large extent, all fiat currencies are derivatives of USD. As peripherals start taking the hit, i.e. due to trade wars, currency wars, etc., “capital” will start fleeing those markets and hiding in the deepest pool of debt (“safe heaven” LOL!) there is – TSY. The demand for USD will go thru the roof, methinks. Meantime, gold/silver should start strengthening and premiums on phyzz increasing.
Thanks for the response. If Trump follows-through (I still doubt that he will), it could serve as a trend-changing trigger that will shrink the trade imbalance, lessen the USD’s role as a reserve currency thereby reducing demand for our bonds from overseas. As the disruption unfolds, I don’t see why the peripherals, aware of the above, would view us as a safe haven. But, so far, the market agrees with you – cheers.
That’s ridiculous. lol. But the cracks keep building.
A dam does break if enough gouges are made
Bacon to $1000 a pound.
Tear it all down man.
I’m not sure how much thought went into raising tariffs. Trump likes to go with his gut apparently and it’s a big part of who he is. It takes a lot of Big Macs and Cokes to run this country but Trump is just the man to do it. Hats off to him and all the Hamburglars at the White House.
Every big box store, including AMZN, is quivering in their loafers.
They might have to charge an extra .10 to have it made in America.
Or charge way more than that. We’ll see.
Either way, bring it on.