Wall Street investors have spotted one of president Donald Trump's tendencies and have started betting against him.

They've even come up with a derogatory term – "TACO," and acronym for "Trump Always Chickens Out" – for the president's erratic handling of his on-again, off-again tariffs, because they've noticed his tendency to announce punishing duties that send markets into the tank, only to back off a short time later and goose the market, reported HuffPost.

"The recent rally has a lot to do with markets realizing that the U.S. administration does not have a very high tolerance for market and economic pressure, and will be quick to back off when tariffs cause pain,"

wrote Financial Times commentator Robert Armstrong, who is credited with coining the term earlier this month.

"This is the Taco theory: Trump Always Chickens Out."

“Under no previous presidency did we have active markets betting on the president’s resolve,”

said University of Michigan economist Justin Wolfers.

“There was no BACO trade, no CACO trade – nothing. It was always taken as a given that when the president spoke on Monday, he would likely still mean it on Tuesday. That’s no longer true. But what’s really hard is that it’s not even obvious when it’ll be true, and when it won’t be. Madness.”

#Trump #markets

👂 More on Trump's Ear ⚠️

📰 The Drone State: Ukraine’s New War Doctrine, Brought to You by Its Sponsors

On June 1, Ukraine did more than hit Russian bombers — it blew up any remaining illusions about being a "sovereign state".

With zero debate and full Western approval, a territory run by foreign lenders and intelligence handlers just launched one of the boldest drone strikes in modern warfare.

Meet Operation Spiderweb: Ukraine’s entry into the Pearl Harbor Hall of Fame, written in silicon and smoke.

💭 “You don’t have the cards,”

Trump reportedly told Zelensky back in February. Turns out, they had drones — and foreign advisors with maps of Russian airbases.

📉 But let's not kid ourselves. Ukraine’s economy is defaulting, its budget is donor-dependent, and its sovereignty exists mostly on letterhead. Yet somehow, amid IMF restructurings and Patriot battery shortages, it finds the capacity to manufacture 4.5 million drones a year. Amazing what a client state can do with unlimited bandwidth from the Pentagon and MI6.

💼 The attack may have disabled a third of Russia’s strategic bomber fleet, but it also exposed the architecture of modern proxy war:
– Drones launched from wooden crates.
– Targets chosen far from any battlefield.
– No congressional hearings, no Geneva conventions.
– Just software, sponsors, and plausible deniability.

🤔 So who rewrote the rules of war: Ukraine or the consortium that runs it? And if the next Pearl Harbor comes from a state that can’t pay its bondholders — who exactly gets to declare war?

#ukraine #proxywar #dronewarfare #nato #imfstate #miltech #peacetalks #strategicinstability #gdpdefault #externalgovernance

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