Markets want to price in TACO. But TACO only works if Trump sees stocks tank.
So we get a loop: Trump does things → nothing happens (markets already priced in TACO) → that emboldens him to do more → until markets start to think he might not TACO → stocks fall → TACO is restored.
Markets want to price in TACO. But TACO only works if Trump sees stocks tank.
So we get a loop: Trump does things → nothing happens (markets already priced in TACO) → that emboldens him to do more → until markets start to think he might not TACO → stocks fall → TACO is restored.
A court document "says the ICE agent allegedly whipped his sons with a belt, made homophobic slurs and racist remarks about Black and Latino people and brought a gun to a youth sports game."
h/t @kleinmatic.bsky.social
Unfathomably stupid idea
Unfathomably stupid idea