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:
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.
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I’m a New York City-based financial advisor at Ritholtz Wealth Management LLC. I help people invest and manage portfolios for them. For disclosure information please see here.
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