Excess Returns · Monday, August 31, 2026
There's skepticism about whether government officials will maintain their resolve when faced with market pressure. The speaker suggests that historically, officials tend to cave and do whatever is necessary to support the market.
“You know, if you look at government officials, and you look at their track record on, will they give in when their resolve is tested by the market? It's basically a zero.”
“It's going to be a different, it's going to be a different thing. And you don't know how people are going to react until they get there.”
“But typically they have reacted by caving in and just doing whatever it takes to get the market back up.”