China Weakens Yuan Fixing By Most In Two Years After Trump’s Fed Broadside
Waiting on intervention that never seems to come.
Waiting on intervention that never seems to come.
“I have to start by saying”…
“I’m going to poke you in the eye a little bit”.
The main event cometh.
“Powell has got a plan, and his sticking to it so vehemently will ultimately be a mistake. “
Thanks for clearing that up, sir.
“Indeed, the Donald’s impending attack on the purported sacred ‘independence’ of the Fed is the Orange Swan that looms over the casino.”
“But two things are absolutely clear about the “why” of this $15 trillion calamity. To wit, it was not caused by some mysterious loss of capitalist enterprise and energy on America’s main street economy since 1975. Nor was it caused—contrary to the Donald’s simple-minded blather—by bad trade deals and stupid people at the USTR and Commerce Department.”
“I’m a little bit more fatalistic. You know, we have come to accept that financial markets are driven by people and by policies and by personalities. And, what is Chairman Powell going to do? What will President Trump tweet next? As if they were in charge. Well perhaps sometimes they are not in charge.”
“Needless to say, the Donald’s un-varnished, un-vetted and un-shackled thoughts whims on most any topic are a thing of considerable disruptive potential. But when it comes to trade, his mind beats to the sound of a drummer not from this world or even possibly the next.”
Eventually, dumb shit is recognized for what it is.
Why yes, the stock market is “an important place for investors to invest.”Â
“…a ruinous fiscal deficit in excess of 15% of GDP will be Trump’s legacy.”
He’s apparently going to just go ahead and abandon GOP dogma when it comes to balancing the budget.
The “old days” are gone.
Needless to say, it’s probably prudent to reserve judgement on whether we’re out of the proverbial woods…
“Somehow the Donald managed to say less during his 15 minutes of fame at Davos than even the swamp creatures he abhors might have offered up. But the pity of it is that the whole thrust of what he did say was dead wrong.”
“A big fat ugly bubble.”
“We’ve had eight years now of writing new rules and honestly I can’t really think of a place where we are lacking in an important rule.”
“Investors will ask how this disagreement will be resolved — and how abruptly, if at all, might policy change as a result.”
People have no — most people have no idea how important that position is. That position is actually — more — a lot of people get rid of the Fed.”
“Just when I thought I was out, they pull me back in!”Â
Stay tuned. The ratings will be “tremendous.”
“Now what do you got? Anarchy. You got anarchy.”
“One reporter claimed to overhear someone in the Pentagon muse, “We’re taking orders via Twitter now?â€Â And the answer is, of course, no.”
Make no mistake folks, this is populism exposed. And it’s not unique to the Trump administration. When you hear these messages from administration officials, from their ideological affiliates in Europe, and from all corners of the Right-wing peanut gallery whether on television or in cyberspace, ask yourself this: “are these people really who they say they are and do they really represent my interests?”
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