Thread by @PauloMacro

So, it pains me a little to write this because I rarely wade in political waters, but I don’t think people are looking far enough down the path. So I will go out on a limb and say the following.
1/6

When Trump got elected in 2016 and some family and friends went nuts, I attempted to assuage them with “don’t sweat Trump - worry about what comes after.”

Remember my leanings. I am Mercutio. “A plague on both your houses.”
2/

Then Biden came in 2020 and as they rejoiced I said: “don’t cheer too loudly - you should worry about what comes after him.”

Now Trump won in a landslide and they were in shock, some are in the midst of true PTSD. And again I say: “worry about what comes after.”
3/

Somewhere over the course of this weekend, the whole Grift notion stopped being amusing to me. I think many people out there are feeling some kind of way about it too.

And I think this nonsense pissed a lot of people off more than a simple Elon H1B visa fracas.
4/

I also think perceived moral authority abhors a vacuum. And what has happened with this meme grift is incredibly “Jump The Shark”-y.

Can’t help think that if ever there was a moment for the left to retool and some AOC figure to step to the plate and take a swing at the ball… 5/

There are also implications for what Bessent needs to do with the long end, as well as the dollar. I will be addressing this on the blog in upcoming notes.

Welcome to 2025 — The Year of the Rollercoaster.

And remember: never sweat this one…worry about what comes next.

/Fin