Isabella Liu (she/her)
@isabellaliu.bsky.social
Supporter of truth, news, liberal democracy. Previously isabellaliu on Twitter. YIMBY, SF Bay Area, Taiwan
Reposted by Isabella Liu (she/her)
Bankers and CEOs’ surprise and dismay over Trump’s massive tariffs appears genuine.
They really did believe in an Imaginary Reliable Trump, one who was tossing meat to the rubes but would do what a Wall St. CEO would do, and told each other this to the point it was socially-reinforced groupthink.
They really did believe in an Imaginary Reliable Trump, one who was tossing meat to the rubes but would do what a Wall St. CEO would do, and told each other this to the point it was socially-reinforced groupthink.
Tariffs Expose Wall Street's Misplaced Faith in Trump
Bankers and business leaders imagine a more reliable, less protectionist version of the president than the one that actually exists. Now they're finding out the hard way.
www.arcdigital.media
April 5, 2025 at 11:42 AM
Bankers and CEOs’ surprise and dismay over Trump’s massive tariffs appears genuine.
They really did believe in an Imaginary Reliable Trump, one who was tossing meat to the rubes but would do what a Wall St. CEO would do, and told each other this to the point it was socially-reinforced groupthink.
They really did believe in an Imaginary Reliable Trump, one who was tossing meat to the rubes but would do what a Wall St. CEO would do, and told each other this to the point it was socially-reinforced groupthink.