Wall St. has another cute little anagram:
President Donald Trump’s back-and-forth with Iran over opening the Strait of Hormuz has led to a new nickname inspired by TACO, the president’s acronym nickname for issuing and reversing threats.
“We thought we were getting a TACO, ‘Trump Always Chickens Out.’ But so far we are getting a NACHO, ‘Not A Chance Hormuz Opens,’” Bloomberg columnist Javier Blas wrote on X.
The new nickname, bestowed by a financial trader, according to Blas, reflects the public’s frustration with the on-again, off-again blockade in the Strait that has disrupted global oil supply, causing gas prices to rise.
Forget the public. Who cares what they think? WTF is going on with the markets?
I guess we have to assume that they are still in thrall to the AI companies and are just playing the TACO Trump game of 2nd guessing what insane things he’s going to do next — like the prediction markets. Reality doesn’t seem to be relevant at the moment.
I have the sneaking suspicion that they’ve bought into the Magic Trump theory — “it’ll all work out, it always does…”