President Trump: The NEW one and only politics thread

The Trumpists do not need to be turned. The other side just has to come out and vote.

 

Sounds like a script from a TV commercial. "Hi, I'm Donald J. Trump and if there is anything I know a lot about, it's hatred. And bias."

 

Why is he tweeting about Flynn all of a sudden?

 

What was on Fox & Friends this morning is usually the answer.

 

As a golfer, I’m glad I can get out and away from the TV news. As a golfer, I also understand how the optics aren’t good. Golf has a stigma, and when you open courses while other similar recreational activities like bowling alleys, pool halls and casinos are forced to remain closed it does give the impression of “the rich can have their toys while the rest of us suffer.”

 

Those places are all indoor facilities with a shit ton of common touchpoints. Not similar at all to a golf course.

 

And again, I understand that. But your average dummy who thinks golf is for rich people and politicians won't see it that way. And again, I already have my clubs out for this weekend so I'm damn grateful this is happening in PA.

 

Gov. Baker has floated the idea of opening the state's courses as parks but no golf. I assume every course manager, owner and superintendent in the state will explain that this means they will have regular maintenance costs while receiving no revenue. PS: Most places that have opened courses have done so jointly with public parks. I sure hope people are smart enough to figure out the difference between indoor and outdoor recreation.

 

Well, everybody knows a big drop in the Q2 GDP number is coming, so a lot of that expectation is already baked into prices. GDP numbers give a picture of the past, and Wall Street is more interested in the future (though sometimes new and surprising numbers about the recent past can change views of what's likely in the future). Also, calling the Q1 number a 4% drop, while accurate, also can give the wrong impression. GDP was probably relatively flat or rising for the first 8-10 weeks of the quarter, and then the total collapse in the last couple of weeks was enough to drag down the whole quarter's total by 4%. The market's worst days were a reaction to that total collapse and what they meant for the future.

Seems like the question now is how quickly can the economy get back to something approaching normal, and what the new normal will be. If we reopen too soon and have to close back down, I expect the market will tank again. If not, movements might be more gradual as investors think they're getting a better idea of how the new normal will affect different industries and companies.