President Trump is calling for lower Fed rates

[Anonymous]

Anonymous wrote:So what’s the answer? How do we get out of this? When will congress step in? Will they just let it bottom out? Will we be left with nothing?

I suspect congress will not move against Trump unless his approval ratings fall below 30%. At that point he’s dead weight.

In one sense, significant damage is already done. It will take years to rebuild parts of the government that have been dismanltled, and decades to regain any sort of international trust.

[Anonymous]

Stop the madness.

[Anonymous]

Anonymous wrote:I mean, we know Trump is clueless but is no one going to say anything??

The emperor is bu tt naked.

He’s also a fascist.

[Anonymous]

Trump is looking for someone to blame for the damage he’s doing with his stupid tariffs.

[Anonymous]

Asset bubble incoming

[Anonymous]

Anonymous wrote:Asset bubble incoming

Shortages and cheap money

[Anonymous]

Anonymous wrote:I don't care what he's calling for. The stock market lost another trillion plus today.

Bitcoin was up. Dollar was down. Stock market down. Me thinks Trump wants the dollar and market to falter to booster his bitcoin company.

[Anonymous]

Anonymous wrote:The tariffs would ordinarily be inflationary. Right now, they are not inflationary because consumer spending is stalled, waiting. Just like every other sector of the economy. All waiting. Waiting for Trump to grow up, for Congress to put their foot down. For WWII. Anything but this.

However, businesses and people cannot wait forever. Pretty soon, things will start melting down. Unless something changes.

If we keep going in this direction, I predict it will all come to a screeching crash by September when the supply chain cease to exist. Right now companies are using their stock pile that they over ordered in advance of this nightmare scenario, but that’s gonna run out. Shipping imports are already down.

[Anonymous]

Anonymous wrote:There are currently four lawsuits filed by various parties against the tariffs. Two are filed by conservative entities. One invokes the major question doctrine.

The executive has no tariff power, that belongs to Congress. We'll see what the courts, and ultimately the Supreme Court, says.

This combined with the fall of Chevron and I would guess that the power of the president to impose tariffs will be severely circumscribed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The tariffs would ordinarily be inflationary. Right now, they are not inflationary because consumer spending is stalled, waiting. Just like every other sector of the economy. All waiting. Waiting for Trump to grow up, for Congress to put their foot down. For WWII. Anything but this.

However, businesses and people cannot wait forever. Pretty soon, things will start melting down. Unless something changes.

If we keep going in this direction, I predict it will all come to a screeching crash by September when the supply chain cease to exist. Right now companies are using their stock pile that they over ordered in advance of this nightmare scenario, but that’s gonna run out. Shipping imports are already down.

September? What business gets 9 months of inventory? Car companies get antsy with 90 days and would prefer 30 days. Holding stock is an unnecessary expense.

[Anonymous]

Trump appointed Fed Reserve Chairman Powell in 2017. Who’s the major loser?

[Anonymous]

Anonymous wrote:Trump appointed Fed Reserve Chairman Powell in 2017. Who’s the major loser?

The American public and the global economy.

[Anonymous]

Anonymous wrote:Trump appointed Fed Reserve Chairman Powell in 2017. Who’s the major loser?

Powell did get things wrong numerous times. Whether Trump is correct in calling for lower Fed rates is an open question. Lower rates might spur domestic borrowing to replace overseas investments.

Presidents from both parties have called for lower interest rates for decades.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Trump appointed Fed Reserve Chairman Powell in 2017. Who’s the major loser?

Powell did get things wrong numerous times. Whether Trump is correct in calling for lower Fed rates is an open question. Lower rates might spur domestic borrowing to replace overseas investments.

Presidents from both parties have called for lower interest rates for decades.

They didn't do so by openly bullying and threatening the Fed Chair on social media and on TV.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Trump appointed Fed Reserve Chairman Powell in 2017. Who’s the major loser?

Powell did get things wrong numerous times. Whether Trump is correct in calling for lower Fed rates is an open question. Lower rates might spur domestic borrowing to replace overseas investments.

Presidents from both parties have called for lower interest rates for decades.

Powell is not infallible, like godlike Greenspan was. That's why we like him.