Catherine Rampell

But it's really hard to lie about these things. I saw this great quote the other day from an economist at JP Morgan, of all places, who was saying that the thing about the stock market is Is that it can't be bullied, intimidated, deported, primaried in the next election or otherwise censored. Right. Like Trump has no power here to get it to to. you know, confess the outcome that he wants.

But it's really hard to lie about these things. I saw this great quote the other day from an economist at JP Morgan, of all places, who was saying that the thing about the stock market is Is that it can't be bullied, intimidated, deported, primaried in the next election or otherwise censored. Right. Like Trump has no power here to get it to to. you know, confess the outcome that he wants.

But it's really hard to lie about these things. I saw this great quote the other day from an economist at JP Morgan, of all places, who was saying that the thing about the stock market is Is that it can't be bullied, intimidated, deported, primaried in the next election or otherwise censored. Right. Like Trump has no power here to get it to to. you know, confess the outcome that he wants.

And it's like a real-time voting box, essentially. Sometimes it gets it wrong and sometimes it gets it right. But at least in real time, you know, Trump can't force it to do what he wants. And now we're getting real information out of the stock market, which is obviously contradictory to the happy talk we're hearing from the White House.

And it's like a real-time voting box, essentially. Sometimes it gets it wrong and sometimes it gets it right. But at least in real time, you know, Trump can't force it to do what he wants. And now we're getting real information out of the stock market, which is obviously contradictory to the happy talk we're hearing from the White House.

And it's like a real-time voting box, essentially. Sometimes it gets it wrong and sometimes it gets it right. But at least in real time, you know, Trump can't force it to do what he wants. And now we're getting real information out of the stock market, which is obviously contradictory to the happy talk we're hearing from the White House.

Yeah, I saw bits and pieces of this a few days ago, and I needed a special decoder ring to figure out what the origin of the crazy was. I feel this way with a lot of Trump-related talk, that he'll say something that's totally confusing, and then I end up spending way more time trying to figure out what his logic or intention was than he spent putting thought into what his proposal actually was.

Yeah, I saw bits and pieces of this a few days ago, and I needed a special decoder ring to figure out what the origin of the crazy was. I feel this way with a lot of Trump-related talk, that he'll say something that's totally confusing, and then I end up spending way more time trying to figure out what his logic or intention was than he spent putting thought into what his proposal actually was.

Yeah, I saw bits and pieces of this a few days ago, and I needed a special decoder ring to figure out what the origin of the crazy was. I feel this way with a lot of Trump-related talk, that he'll say something that's totally confusing, and then I end up spending way more time trying to figure out what his logic or intention was than he spent putting thought into what his proposal actually was.

I used to have a rule for myself. It's like, Don't spend more time thinking through the thing that Trump said than he did because it's like an exercise in frustration and futility. In this case, yeah, I think what people are proposing is, again, that if Trump tanks the stock market, then bond rates go down, right?

I used to have a rule for myself. It's like, Don't spend more time thinking through the thing that Trump said than he did because it's like an exercise in frustration and futility. In this case, yeah, I think what people are proposing is, again, that if Trump tanks the stock market, then bond rates go down, right?

I used to have a rule for myself. It's like, Don't spend more time thinking through the thing that Trump said than he did because it's like an exercise in frustration and futility. In this case, yeah, I think what people are proposing is, again, that if Trump tanks the stock market, then bond rates go down, right?

Which is what I was saying, like, very initially happened and normally what you would expect to happen because people sell their stocks, again, they put it into bonds, and then that pushes bond rates down. And then maybe...

Which is what I was saying, like, very initially happened and normally what you would expect to happen because people sell their stocks, again, they put it into bonds, and then that pushes bond rates down. And then maybe...

Which is what I was saying, like, very initially happened and normally what you would expect to happen because people sell their stocks, again, they put it into bonds, and then that pushes bond rates down. And then maybe...

because we're talking about government borrowing, when those interest rates go down, we can refinance the national debt, just like Donald Trump would refinance one of his properties, right? If you're a real estate investor or a homeowner, for that matter, and you're borrowed at a very high interest rate. You're excited when rates fall because you can refinance.

because we're talking about government borrowing, when those interest rates go down, we can refinance the national debt, just like Donald Trump would refinance one of his properties, right? If you're a real estate investor or a homeowner, for that matter, and you're borrowed at a very high interest rate. You're excited when rates fall because you can refinance.

because we're talking about government borrowing, when those interest rates go down, we can refinance the national debt, just like Donald Trump would refinance one of his properties, right? If you're a real estate investor or a homeowner, for that matter, and you're borrowed at a very high interest rate. You're excited when rates fall because you can refinance.

And so that maybe he could use that as an opportunity to not like negotiate our debt down, but just like when it rolls over, roll over it at lower rates or refinance otherwise. Anyway, I think that's the theory of the case. First of all, I don't think that's like nearly as plausible. Even if markets did what you would normally expect, right? which is, again, having interest rates fall.

And so that maybe he could use that as an opportunity to not like negotiate our debt down, but just like when it rolls over, roll over it at lower rates or refinance otherwise. Anyway, I think that's the theory of the case. First of all, I don't think that's like nearly as plausible. Even if markets did what you would normally expect, right? which is, again, having interest rates fall.