In his latest bid to reshape the American economy, President Donald Trump has endorsed ending the decades-long practice of public companies sharing their financial results once each quarter.
Insider trading!! And he’s a child rapist.
The MAGA solution to bad economic figures. And if you don’t record the numbers of COVID and measles infections, and cancel every program monitoring climate change, those problems magically go away too.
Any economic shift he endorses is a move closer to the trash bin.
They’re gonna be lots of insider trading and cooking the books
and should instead report results once every six months.
This isn’t as off the rails as the title and start of the article suggests.
In the 2010s, regulators in both the European Union and the United Kingdom stopped requiring companies to report quarterly results, moving to six-month reporting periods instead.
It also has precedence, real world demonstration.
In 2018, Trump urged the SEC to study moving to a six-month reporting system to “allow greater flexibility & save money.
And it’s even something he’s thought about for a while rather than a momentary impulse or reaction. I wonder what the results of that study were.
The US stock market is fairly strong at encouraging innovation, new companies, growth. My employer is one of many that moved its headquarters here to take advantage of that innovation economy. I don’t like this one proposal on the grounds that it erodes yet another US advantage. We’ll be worse off for it.
But we do have examples of it working so it’s not the end of the world. This seems far less destructive than most of his actions
It’s still not a good idea. This just means bigger swings in value, which leads to panic buying/selling when the news finally does come out, which further increases the size of the swings.
It’s an inside trader’s dream.
