zerohedge.com / by Tyler Durden / Jan 12, 2017 7:51 AM
From Richard Breslow, former FX trader and fund manager who writes for Bloomberg
Everyone Left Presser Saying the Other Guy Lost
There are many ways to look at most issues. What we like to call nuance. In today’s world, sadly, there’s only thumbs-up or thumbs-down. It’s like living in the Roman Colosseum. Yesterday’s press conference was a disaster of arrogance and misdirection, or it was a tour de force where he taught the press a right, good lesson. What we got was what we should have had as the base-case expectation. He actually ran an honest campaign. And that’s what scares a lot of people.
The take-aways from this should be, he is who he claims and it’s unwise to project any other persona on him. And that what Americans are hearing, and in many cases hoping for, is not what people outside of the country can believe is happening
The other lesson not learned is that at a press conference, you can’t hope to get the questions you want to have answered unless you ask them. If investors were left disappointed on details relevant to the economy and policies, it’s because no one raised the issues in any substantive way.
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