“The Best People”

Good morning. Just wanted to check in briefly to voice my approval for the Treasury Secretary and Commerce Secretary picks announced by the Trump transition team this morning. They’re both highly accomplished and capable people who’ve held senior roles within businesses, even if they don’t have government experience.

To my knowledge, neither is looking to eject homosexuals, Jews or brown people from the country, so that’s a step in the right direction. I don’t believe that either has an agenda against women or takes money directly from Russian banks or posts frog memes on Twitter. Neither pick is a sitcom star from the 1980’s or one of the President-Elect’s children.

And before carping about the whole “he has ties to hedge funds and Goldman Sachs” thing, try to remember that we were promised the best people working for our interests by Trump on the campaign trail. This is an example of him delivering. Often, the best people in finance have worked at hedge funds and Goldman Sachs.

These are positions that require an actual understanding of the way the economy, banking system and corporate landscape operate. My opinion is that Trump has filled these positions well.

You can read up on our new Sec Commerce, Wilbur Ross, here:

Donald Trump to Name Wilbur Ross as Commerce Secretary, Transition Official Says (Wall Street Journal) 

You can read Andrew Ross Sorkin’s take on the new Sec Treas Steve Mnuchin here:

Steven Mnuchin, Expected Treasury Pick, Is an Outsider to Public Policy (DealBook)

By the way, this is me living up to what I said after the election – rooting for things to go well for the country, keeping an open mind and calling ’em like I see ’em.

Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.

What's been said:

Discussions found on the web
  1. A glass half-empty - Humble Student of the Markets commented on Dec 14

    […] key commerce and treasury cabinet posts make market soothing noises and stock prices barely move. Josh Brown’s reaction to Steven Mnuchin as the Secretary of the Treasury and Wilbur Ross as Secretary of Commerce is […]

Read this next.