Quote:
Originally Posted by
sonatine
like its difficult to game theory because the sane, logical approach would be to burn down the repo market and take half the funds dedicated to QE and put them towards insulating the credit market and the other half towards business bailouts, some variation on that theme.
but trump wants his cake and like all episodic personalities, he is essentially incapable of making these sorts of sacrifices for the greater good if someone doesnt essentially trick him into thinking that doing the right thing will guarantee his reelection.
The weird part is I don’t think he fundamentally understands the big picture. For an extraordinarily wealthy guy, all indications are he ran his business like a small business. Real estate is unique. I have little doubt his populist streak lends itself to being champion of the people. Not because he cares. Because it would make them worship him. The problem is everyone who really calls the shots can likely work him because it’s easy to work someone who doesn’t really understand shit. Obama was worked by the banks. He’s a whole lot smarter than Trump.
If we ever have to truly shut it all down for an extended period, I don’t see some quick recovery.