Robert Armstrong
@rbrtrmstrng
US financial commentator, FT. These views are mine. The pursuit of pleasure is hard work. Sign up for my newsletter; link below
Anthony Powell, from The Strangers Are All Gone, 1983:
This is the MAGA movement in one tweet
Everything else—the CBO score, the proper baseline, the minutiae of the Medicaid policy—is immaterial compared to the ICE money and immigration enforcement provisions.
Down in one: how private equity swallowed the BrewDog Unicorn on.ft.com/4kNML1U
Aaaaaand Taco is back after 45 minutes away pass the hot sauce
If this happens, it's RIP Taco trade, period. bloomberg.com/news/articles/…?
If this happens, it's RIP Taco trade, period. bloomberg.com/news/articles/…?
Looks like it might actually be happening .... *TRUMP LIKELY TO FIRE POWELL SOON, WHITE HOUSE OFFICIAL SAYS *OFFICIAL CAUTIONS NO EXACT TIMELINE FOR DECISION ON FED CHAIR *TRUMP HAS DRAFTED LETTER TO FIRE FED CHAIR: NYT
The WACO trade! Donald Trump reaps $50bn tariff haul as world ‘chickens out’ ft.com/content/82e32f… via @ft
Terrific piece on the booming business of locking up migrants. Read it! ig.ft.com/us-immigration…
POD TIME Ketchup! Zero-cost budgeting! Mustard! Private equity! And how Warren Buffet wins even when he loses! ft.com/content/75cc63…
The Trump Trade has given way to the Taco Paradox: the less the market believes Trump's threats, the more likely they are to be true.
"Because the market is ignoring or almost laughing at the president's tariff threats, it becomes more likely that he'll follow through on them." Financial Times commentator @rbrtrmstrng on coining TACO amid new tariff threats.
"Violence is always perceived as being a legitimate reprisal. No one ever feels responsible for triggering it." Robert Armstrong on René Girard: "I felt a rush of satisfaction that someone had made it down the road on which I got lost."ft.com/content/66f718… @ft @rbrtrmstrng
“Violence is always perceived as being a legitimate reprisal,” Girard writes. “No one ever feels responsible for triggering it.” What I could have learnt from René Girard ft.com/content/66f718… via @ft @rbrtrmstrng
Trump says the Fed should lower rates, because the stock market and crypto are booming.
Yes. The chickening out is the best bit of Trump's trade policy! Yay for chickening out!
JPMorgan CEO Dimon: I hate to use the phrase 'TACO trade', because I think Trump did the right thing to 'chicken out' after his Liberation Day announcement #MacroEdge
July 8, 1925: John T. Scopes’ defense lawyer Clarence Darrow arrives in Dayton, Tenn., with little of the fanfare that greeted prosecutor William Jennings Bryan the day before. Jury selection starts July 10. “Civilization and not a schoolteacher is going on trial,” Darrow says.
It really is strange. Richest man in the world married in a tux that fits like a bad rental. What happened? Perhaps it is also a space suit? Is bulletproof?
People think I'm biased against Jeff Bezos, but here's F. Caraceni Sartoria, widely considered one of the best bespoke tailoring houses in the world, commenting on Bezos's wedding suit. "The most terrible, frightening, horrible tuxedo ever seen in my life. I'm really suffering"
Seems important! South Korea lifts 14-year ban on ‘kimchi bonds’ after dollar-backed stablecoins frenzy ft.com/content/0f93c0… via @ft
