Trump Says Fed Should Drive Dow To 36,000, Says QE Should Have Never Been Stopped
On Saturday, in a rare move reflective of growing international alarm at the increasingly precarious situation in America's democracy, Mario Draghi weighed in on Fed independence amid incessant attacks on the central bank emanating from the Trump administration.
You can read extended highlights from Draghi's remarks here, but suffice to say this was the line that grabbed headlines:
I'm certainly worried about central bank independence in other countries, especially in the most important jurisd
H,
It’s considerate of you to assume that Trump is referencing the DJIA when he says the (capital S capital M) “Stock Market” would be “5,000 to 10,000 points higher,” if it weren’t for that meddling Fed. Laughable, yes, but still in the realm of somewhat-reasonable possibility.
But at this point it’s a better rule of thumb to just skip straight to the most unreasonable and nonsensical take and assume that Trump–the ‘expert’s expert’–is referencing the S&P500. Through him, all things are possible–even 300% gains on the S&P.
drunk texts Janet Yellen
I did consider making this a satire piece wherein he was talking about the S&P, but I decided it wouldn’t be very funny because it’s not entirely clear that Trump knows what the S&P even is
A satire piece is that it’s really ‘S & M’ for America. The Russians probablt have videos of that, too.
It’s been argued often that QE is essentially ‘socialism for the boomers’ and tax cuts are essentially ‘socialism for the wealthy’. I would be curious to hear Trump’s reaction to how this fits into his world view that ‘America will never be a Socialist country’?
QE is 100% robbing from the poor and giving to the rich, and telling the poor that it’s for their own good.
That’s logic for ya. Might as well go negative rates since it’s working so well in Europe.
America’s Rob Ford, on Adderall.
It’s tempting to draw comparisons between Ford and Trump, no doubt. But a lot of what Ford is doing makes sense. It’s just that, like Trump, his rhetoric is fairly extreme. If Ford could tone this down a little, he’d be a good Premier. Trump, on the other hand, is just a bag of squirrels. If someone slipped him a couple Xanax to calm down the rhetoric, his policies would still convey he’s got a 7th grade level of comprehension.
For what it’s worth, I agree with much of what Ford does, even if I don’t agree with some of his (unfounded) economic views.
I’m talking about the Rob Ford who’s been dead for 3 years. The drunk and crack addict.
Trump literally can’t go a single day without sounding like a moron.