Economic News | Trump removes Fed Gov Cook
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Trump has bought $100 million in bonds since taking office. His portfolio is poised to get a boost if the Fed cuts rates.
Trump has bought $100 million in bonds since taking office. His portfolio is poised to get a boost if the Fed cuts rates.
Trump has repeatedly pressured the Fed to cut rates, something that could boost bond portfolios, including his own.
www.businessinsider.com
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grifter gonna griftTrump has bought $100 million in bonds since taking office. His portfolio is poised to get a boost if the Fed cuts rates.
Trump has bought $100 million in bonds since taking office. His portfolio is poised to get a boost if the Fed cuts rates.
Trump has repeatedly pressured the Fed to cut rates, something that could boost bond portfolios, including his own.
"If you want to get rich, start a religion,"
_ L. Ron Hubbard
" If you want to get really really rich, get elected as an immune corrupt president of the United States"
-Donald J. Trump
superrific
Legend of ZZL
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For the record, I think Trump will lose this one. Of course, I've said that before when he didn't. But in this case, I'm not relying on the Supreme Court's integrity. I'm relying on their venality.
SCOTUS is in the process of eliminating all independent agencies because originalism and executive power and all that. It is letting Trump run amok, and it will probably overturn the leading case about independent agencies just because. BUT in one of the recent opinions, they said, more or less, none of this applies to the Fed, because the Fed has constitutional underpinnings in the first and second national banks, blah blah blah. There's no bank in the constitution. There is no constitutional underpinnings in a bank that didn't purport to (and couldn't technically) control monetary policy. There wasn't even anything called monetary policy.
So why did they specifically exempt the federal reserve? Because they have stock portfolios. Because they don't have skin in the game if the authoritarian is deporting migrants to Uganda, but they are affected by a spike in inflation. And exempting the fed from the previous order was basically saying, "OK Trump, you can have the whole government; what you cannot have is this court and the stuff that's really important to us. Like our portfolios. And monetary policy." Of course he pushed the limit, as he was intending all along.
Maybe they bend over, but maybe they grow a spine on this one. I think I'm being pretty cynical here.
SCOTUS is in the process of eliminating all independent agencies because originalism and executive power and all that. It is letting Trump run amok, and it will probably overturn the leading case about independent agencies just because. BUT in one of the recent opinions, they said, more or less, none of this applies to the Fed, because the Fed has constitutional underpinnings in the first and second national banks, blah blah blah. There's no bank in the constitution. There is no constitutional underpinnings in a bank that didn't purport to (and couldn't technically) control monetary policy. There wasn't even anything called monetary policy.
So why did they specifically exempt the federal reserve? Because they have stock portfolios. Because they don't have skin in the game if the authoritarian is deporting migrants to Uganda, but they are affected by a spike in inflation. And exempting the fed from the previous order was basically saying, "OK Trump, you can have the whole government; what you cannot have is this court and the stuff that's really important to us. Like our portfolios. And monetary policy." Of course he pushed the limit, as he was intending all along.
Maybe they bend over, but maybe they grow a spine on this one. I think I'm being pretty cynical here.
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The Dow has become a near pure speculation and vibes market. Concerning economic data barely moves the needle for a day before the day trader speculation (bots) and mafia style manipulations take effect.
Eventually this shit causes foreign investment to seek more predictability and political stability. In the interim, greed takes hold and there’s a gold rush to get a piece of the volatility. I assume that’s what we’re seeing right now, bc the prediction data, both economic and political, point towards an eventual collapse and Russia style raiding of distressed assets.