“President Donald Trump – through speeches, executive orders, social media postings, a ubiquitous public presence and a dizzying array of other premeditated, impulsive or incendiary proclamations – specializes in flooding the zone. The net effect is to plunge a global audience into uncertainty”
“So what’s an overwhelmed public to do when confronted by the reality that the most powerful person in the world is also a professional distraction machine and chaos agent?”
“As it turns out, Trump rarely follows up on most of the stuff he churns out daily. We turned to prediction markets to test that assertion, and the data supports us. In fact, it pays to bet on Trump doing … absolutely nothing. You would have made a $12 net profit for every $100 you spent if you had followed that path.”
“Betting against Trump taking any action would’ve translated to a 12% return — similar to the S&P 500 index’s gain over the same period. Consistently betting “yes” would have cost you 20% of your money.”
“Trump’s propensity for walking back the details of his proposals spawned an acronym coined by Financial Times columnist Robert Armstrong: TACO”
“When it comes to Trump, we’re dealing with an inherently unpredictable and often unreliable actor. So you’re better off – financially and emotionally – betting that he won’t do most of the stuff he says.”
In other words, TACO is TACO
Irony is that no one needed a study to determine that, everyone, well, other than the Red Hat Club, knows Trump lies, and he lies at an Olympian record breaking rate, honesty and ethics aren’t something he considers important
What cracks anyone up is then a MAGA here or anywhere say “but, but, but Trump said……..,” and they echo what he said as true and valid
“So what’s an overwhelmed public to do when confronted by the reality that the most powerful person in the world is also a professional distraction machine and chaos agent?”
“As it turns out, Trump rarely follows up on most of the stuff he churns out daily. We turned to prediction markets to test that assertion, and the data supports us. In fact, it pays to bet on Trump doing … absolutely nothing. You would have made a $12 net profit for every $100 you spent if you had followed that path.”
“Betting against Trump taking any action would’ve translated to a 12% return — similar to the S&P 500 index’s gain over the same period. Consistently betting “yes” would have cost you 20% of your money.”
“Trump’s propensity for walking back the details of his proposals spawned an acronym coined by Financial Times columnist Robert Armstrong: TACO”
“When it comes to Trump, we’re dealing with an inherently unpredictable and often unreliable actor. So you’re better off – financially and emotionally – betting that he won’t do most of the stuff he says.”
In other words, TACO is TACO
Irony is that no one needed a study to determine that, everyone, well, other than the Red Hat Club, knows Trump lies, and he lies at an Olympian record breaking rate, honesty and ethics aren’t something he considers important
What cracks anyone up is then a MAGA here or anywhere say “but, but, but Trump said……..,” and they echo what he said as true and valid
