economy Markets

‘This Guy’s Crazy And The World’s On Fire’

That wouldn't necessarily be hyperbole.

That wouldn't necessarily be hyperbole.
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12 comments on “‘This Guy’s Crazy And The World’s On Fire’

  1. Anonymous

    The Emperor (Mr. Kim clls him ‘Your Excellency’) wears no clothes!

  2. Does any of this assume the country that elected him is sane ??? Sort of a ” you are what you eat ” issue..

    • monkfelonious

      I live in Alaska, far away from central. I think there is something in the air or water that is making so many batty. Our state is being overrun with Trump-like policy. Trump, when he stops here on a jaunt, calls for Big Mike (our governor) to come aboard ‘Aircraft One’ to give him a blow job. We’ve hired Americans for prosperity to do financial analysis. It really is astounding what is round and about these days.

  3. If Powell could really speak his mind, he might say:
    – The manufacturing-related data is negative while the consumer-related data is positive
    – The former’s weakness is globally synchronized and coincident with growing trade policy contention between the two largest economies
    – Monetary policy is not capable of effectively countering the negative impact of trade policy contention
    – The latter’s strength does not require a monetary policy response

    • Financial “expert” comments, as I recall: deflation is a major concern, wage growth is slow, corporate earnings will be down in the second half, Fed needs to get ahead of the global slowdown, Fed needs to address the bond market, a sufficient rate cut should alleviate the inverted yield problem, a rate cut will help to leverage the tariff impacts, a cut has been promised (the Fed has our back), if no cut equities will over-react to the downside, take back that dastardly December hike, do a paltry 25 in July and see if the data show signs of improvement.

  4. Harvey Cotton

    I am going to go out on a limb and ask a dumb question. Why do Fed cuts and raises have to come in 25 basis point increments? If there are differences of opinion on whether a cut is needed or not, why not split the difference and cut by 1/8th of a percent, or 1/10th? There can then be slightly more easing, and if this touches off inflation or frothiness, it can quickly and easily be reversed by the next meeting.

    • Anonymous

      Excellent idea. Possibly 1/8 or 1/10th percent tightening last year would have kept the Fed from crashing the market. As most everyone has said, the Fed went too far too fast….In my opinion, it was an engineered market crash. The Fed had to know exactly what they were doing, it was a no-brainer.

      • there is no conspiracy here. sorry. the only people who think the Fed is out to get Donald Trump are Donald Trump and people who buy into his narrative. at some point, you’d think it would occur to his support base that he might just be saying all of the things he says about the Fed because he’s laying the groundwork to blame them when his ill-advised trade war and deficit-ballooning fiscal stimulus lead to a downturn both at home and abroad. if you’ve studied the kinds of economic policies adopted by banana republics, this is glaringly obvious. to the uninitiated, it sounds great: balloon the deficit and then demand rate cuts. but that is exactly the policy combination that has places like Turkey teetering on the edge of economic collapse. look at the history of Latin American economies through that lens. my point is: every economist and student of history sees this for what it is. it is ONLY his supporters who don’t see through this. he is lying to you.

        • Stephen in Canada

          Right on H’erg – Trump won’t ever take responsibility when things go wrong because of his decisions and performance. This is no different and will be a biggly issue come election year……

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