“There are Increased Signs that Investors … are Beginning to Understand that Many of the Statements Lack Any Real Substance”

I really don’t think Big Money is going to put up with this crap much longer. Because this is all about money, now. Buckets and buckets of money. A chaos at the center of power, posing a mortal threat to riches beyond the dreams of avarice.

That means that, this time, it’s serious.

New York Times, ‘Chaos breeds chaos’: Trump’s erratic and false claims roil the globe. Again:

Once again this week, world leaders, U.S. lawmakers and jittery investors have been reminded that Trump’s words cannot always be trusted.

The whiplash nature of Trump’s economic policies and pronouncements bore tangible consequences on Tuesday, when U.S. stock markets cratered amid investor skepticism of Trump’s China talks. The Dow Jones industrial average dropped 799 points, or 3.1 percent, while the Standard & Poor’s 500-stock index fell 3.2 percent and the Nasdaq dropped 3.8 percent. …

“The words are noisy, but markets can’t wear noise-canceling headphones,” said Diane Swonk, chief economist at Grant Thornton. “You can’t delineate the noise from policy because sometimes the noise is policy. Markets like certainty. They need to know the rules of the road, whatever they are, to move forward.” …

There are increased signs that investors, after hanging on any signal from Trump and his advisers about the status of economic planning, are beginning to understand that many of the statements lack any real substance. …

Brian Gardner, director of Washington research at Keefe, Bruyette & Woods, said three factors are conspiring to spook investors: confusion over what was accomplished at the Buenos Aires dinner, Trump’s “Tariff Man” tweet that suggests his administration’s trade hawks may be ascendant, and signs of a possible coming recession.

“Individually, those are all negatives,” Gardner said. “Collectively, it’s an unholy trinity, and that’s what we have today.”

Like the man said: money talks, bullshit walks.