No. of Recommendations: 6
I saw an article about "NACHO" this morning, but didn't bother with it, until now.
Seems it is from traders on the Street, channeling the same frustration with the swaggering, roaring, buffoon, as "TACO"
Move Over, TACO: NACHO Is the New Word to Mock Trump on Wall Street — Here’s What It Means
The label has reportedly emerged in trading circles where skepticism of the president’s ability to reopen the strait, a key global energy trade route, is now such a trend that it merits its own code name.
Bloomberg columnist Javier Blas revealed “NACHO” on Wednesday, citing a trader who told him the acronym stands for: “Not A Chance Hormuz Opens.”
Trump’s oscillation between bluster and brinkmanship has only deepened the uncertainty, but for traders, it leaves one growing certainty: “NACHO.”https://uk.finance.yahoo.com/news/move-over-taco-n...I was reviewing Exxon's annual report last night. Half of Exxon's oil production is in the US, but the ROI on USian production was only 4.3% vs 17.7% outside the US. In 2024, when big oil handed Trump the God that 10 figure check, margins were 7.5 and 20.3. Crude prices had been steadily declining for several years. Big oil was looking at their investment in USian production going to money heaven. The obvious solution to the poor margins on USian production, is to take other people's production offline.
It isn't that Trump the Conqueror *can't" open the Strait. He doesn't want to open the Strait.
Steve
