|

Build Me Up Trumpercup! Question to Doctors: Is Trump Schizophrenic?

The numbers of emotional swings, contradictions, and media blow-ups from Donald Trump has me seriously wondering if he has some form of schizophrenia.

Google popped up this definition of schizophrenia.

Schizophrenic

In general use: “a mentality or approach characterized by inconsistent or contradictory elements.”

Contradictions vs. Broken Promises

During the campaign, Trump said: “If I win I am going to instruct my attorney general to get a special prosecutor to look into your situation.”

At rallies Trump described Hillary as “guilty as hell” and said she “has to go to jail”.

Now, in a dramatic reversal of campaign pledges, an aide stated Trump Will Not Go After Hillary.

Treasury Secretary Field Narrowed

Trump attacked Hillary on numerous occasions for pandering to Wall Street. On November 21, CNN proclaimed Trump Down to Two Choices for Treasury Secretary.

President-elect Donald Trump has narrowed the field of candidates for Treasury secretary to Steven Mnuchin and Jonathan Gray, multiple sources tell CNN.

Mnuchin, who worked at Goldman Sachs for 17 years, joined the Trump campaign as finance chairman in May.

These days Mnuchin is a Hollywood producer, putting out films including this past summer’s “Suicide Squad,” as well as “American Sniper” and “The Lego Movie.” His latest film, due in theaters this month, is called “Rules Don’t Apply.”

Mnuchin also worked with George Soros, the billionaire financier who has bankrolled liberal candidates and causes — and who was depicted as a villain in Trump’s last campaign ad.

Gray has worked his entire career at Blackstone, which manages more than $300 billion in assets and owns part of the Hilton hotel chain. He is on the board of directors and is considered heir apparent to Blackstone CEO Stephen Schwarzman.

Gray built Blackstone’s real estate business from next to nothing into a behemoth — $102 billion in assets, with investments from China to Latin America. He is worth $1.66 billion, according to Forbes.

Rules Don’t Apply

“Rules don’t apply” appropriately sums things up, not only for Trump’s campaign, but what we have seen following the election.

Trump now praises Hillary for her service to the country. Amazing.

Let’s write off all of that simply as campaign lies. Other things?

UK Ambassador

Yesterday, Trump interjected himself into UK politics, outright requesting Nigel Farage as the UK ambassador to the US.

Trump

OK, let’s label that as peculiar or arrogant. How about peculiarly arrogant?

New York Times

During the campaign Trump said the New York Times was “failing”

This morning Trump cancelled a scheduled press meeting with the New York Times. And instead of talking with the media, he addressed the nation on You-Tube.

Trump blamed the New York Times for changing the meeting conditions.

Trump

The New York Times denied changing the conditions.

Trump also made this Tweet:

Trump

Trump the Chameleon

Eight hours later, the meeting was back on. Coming out of the meeting he called the New York Times as a “great, great American jewel.”

“The Times is a great, great American jewel,” Mr. Trump declared as he prepared to leave the gathering in the newspaper’s 16th-floor boardroom, where portraits of former presidents adorn the walls.

“A world jewel,” added Mr. Trump, who was seated next to Arthur Sulzberger Jr., the paper’s publisher. “And I hope we can all get along.”

In an extraordinary 75-minute meeting — parrying, debating and, at times, joking with the leaders of a publication that has long been an object of Mr. Trump’s fascination and frustration — the president-elect’s chameleon-like approach to the news media was on full display.

Mr. Trump is inclined to label himself aggrieved and betrayed by a “dishonest” news media, barring some reporters from his rallies and claiming that news outlets were trying to rig the election. Only a day earlier, Mr. Trump assailed the nation’s most prominent television news anchors and producers in a tense meeting at Trump Tower.

He dismissed his earlier talk of strengthening libel laws, telling the assembled journalists, “I think you’ll be O.K.” He expressed interest in improving his relationship with the paper, saying, “I think it would make the job I am doing much easier.”

Mr. Trump has cultivated a talent for both courting and condemning the press — sometimes in the same breath. The gossip columnist Liz Smith recalled Mr. Trump once threatening to buy her newspaper — “in order to have the pleasure of firing me” — before warmly inviting her to his wedding.

It was clear on Tuesday, however, that any new conciliatory approach toward the news media would have its limits.

“I think I’ve been treated very rough,” Mr. Trump said, as he spent the first several minutes of the session criticizing The Times’s coverage. “I’ve been treated extremely unfairly, in a sense, in a true sense.”

By Tuesday evening, Mr. Trump had not yet posted on Twitter his opinion of how things went at The Times. But during the lunch, he made a confession: He remains a regular reader.

“I do read it — unfortunately,” the president-elect said. “I’d live about 20 years longer if I didn’t.”

The New Yorker

Yesterday, Trump called a meeting with the press only to blast them. The New Yorker did not mince words in its report: Donald Trump Personally Blasts the Press.

The fantasy of the normalization of Donald Trump—the idea that a demagogic candidate would somehow be transformed into a statesman of poise and deliberation after his Election Day victory—should now be a distant memory, an illusion shattered.

In the presence of television executives and anchors, Trump whined about everything from NBC News reporter Katy Tur’s coverage of him to a photograph the news network has used that shows him with a double chin. Why didn’t they use “nicer” pictures?

For more than twenty minutes, Trump railed about “outrageous” and “dishonest” coverage. When he was asked about the sort of “fake news” that now clogs social media, Trump replied that it was the networks that were guilty of spreading fake news. The “worst,” he said, were CNN (“liars!”) and NBC.

The over-all impression of the meeting from the attendees I spoke with was that Trump showed no signs of having been sobered or changed by his elevation to the country’s highest office. Rather, said one, “He is the same kind of blustering, bluffing blowhard as he was during the campaign.”

Another participant at the meeting said that Trump’s behavior was “totally inappropriate” and “f***ing outrageous.” The television people thought that they were being summoned to ask questions; Trump has not held a press conference since late July. Instead, they were subjected to a stream of insults and complaints—and not everyone absorbed it with pleasure.

Kellyanne Conway, who managed Trump’s campaign and who is now his senior adviser, said that the meeting had been “very cordial, candid, and honest.”

Build Me Up Trumpercup

Trump has clear habit of building people up to trample over them, or trampling over them first, then making an effort to build them back up.

In case anyone is wondering, I do not regret my vote. I would rather have unpredictable results than a preordained bad outcome.

Shedlock

Question to doctors tuning in: What do you make of Trump’s sudden, dramatic, mood and position reversals?

Author

Mike “Mish” Shedlock's

Mike “Mish” Shedlock's

Sitka Pacific Capital Management,Llc

More from Mike “Mish” Shedlock's
Share:

Editor's Picks

EUR/USD struggles near 1.1850, with all eyes on US CPI data

EUR/USD holds losses while keeping its range near 1.1850 in European trading on Friday. A broadly cautious market environment paired with a steady US Dollar undermines the pair ahead of the critical US CPI data. Meanwhile, the Eurozone Q4 GDP second estimate has little to no impact on the Euro. 

GBP/USD recovers above 1.3600, awaits US CPI for fresh impetus

GBP/USD recovers some ground above 1.3600 in the European session on Friday, though it lacks bullish conviction. The US Dollar remains supported amid a softer risk tone and ahead of the US consumer inflation figures due later in the NA session on Friday. 

Gold remains below $5,000 as US inflation report looms

Gold retreats from the vicinity of the $5,000 psychological mark, though sticks to its modest intraday gains in the European session. Traders now look forward to the release of the US consumer inflation figures for more cues about the Fed policy path. The outlook will play a key role in influencing the near-term US Dollar price dynamics and provide some meaningful impetus to the non-yielding bullion.

US CPI data set to show modest inflation cooling as markets price in a more hawkish Fed

The US Bureau of Labor Statistics will publish January’s Consumer Price Index data on Friday, delayed by the brief and partial United States government shutdown. The report is expected to show that inflationary pressures eased modestly but also remained above the Federal Reserve’s 2% target.

The weekender: When software turns the blade on itself

Autonomous AI does not just threaten trucking companies and call centers. It challenges the cognitive toll booths that legacy software has charged for decades. This is not a forecast. No one truly knows the end state of AI.

Solana Price Forecast: Mixed market sentiment caps recovery

Solana (SOL) is trading at $79 as of Friday, following a correction of over 9% so far this week. On-chain and derivatives data indicates mixed sentiment among traders, further limiting the chances of a price recovery.