Greedy Trump... Jawboning The Fed Yet Again... SHAME ON HIM!

Tsing Tao said:
One of the reasons I voted for Trump was precisely because he went after the Fed for blowing a bubble and attacking cheap money. Then he flip flopped and went towards pushing for cheap money. I remember voting for Obama on the premise he would prosecute the bankers involved in the financial crisis. And then he did precisely zippo.

Obama lost my vote because of that lie. Trump will almost certainly lose my vote because of his.
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Because the guy has been totally straight on the issues, is a bastion for honesty and upholding his word, the standard for economic knowledge, and has the best poker face in the business..... but hey, if that's what you gotta tell yourself....

https://www.newyorker.com/news/news-desk/trump-and-the-truth-the-interest-rate-flip-flop
 
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Scataphagos said:
"The Fed Interest rate way to high, added to ridiculous quantitative tightening! They don’t have a clue!"

https://www.zerohedge.com/news/2019...trong-dollar-says-interest-rates-way-too-high

Interest rates "way too high".... at 2.25%?

Weak $Dollar "good for America"? How the HELL is it that if our money buys less that it's good for us??

How stupid does he think we are?
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Please look at a bigger picture. Trump wants good to be manufactured in America again and export them. If you have a high currency rate people would not buy from you.

By lowering the rates,
1. Would enable the companies to borrow more and run their business cheaply. More expansion, more manufacturing and so on.

2. Would incentivize the companies to produce more local goods rather than importing them.


Ultimately reducing the deficits.
 
MarketDiver said:
Please look at a bigger picture. Trump wants good to be manufactured in America again and export them. If you have a high currency rate people would not buy from you.

By lowering the rates,
1. Would enable the companies to borrow more and run their business cheaply. More expansion, more manufacturing and so on.

2. Would incentivize the companies to produce more local goods rather than importing them.


Ultimately reducing the deficits.
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What?
 
MarketDiver said:
Please look at a bigger picture. Trump wants good to be manufactured in America again and export them. If you have a high currency rate people would not buy from you.

By lowering the rates,
1. Would enable the companies to borrow more and run their business cheaply. More expansion, more manufacturing and so on.

2. Would incentivize the companies to produce more local goods rather than importing them.


Ultimately reducing the deficits.
More...

Yes, the guy that has all his chotskies made abroad wants manufacturing to be done domestically :rolleyes:. Face it, the guy's a populist and borrowing money at 0% is popular.
 
MarketDiver said:
Please look at a bigger picture. Trump wants good to be manufactured in America again and export them. If you have a high currency rate people would not buy from you.

By lowering the rates,
1. Would enable the companies to borrow more and run their business cheaply. More expansion, more manufacturing and so on.

2. Would incentivize the companies to produce more local goods rather than importing them.


Ultimately reducing the deficits.
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Two sides to every coin.

"Reducing deficits"? Since when??
 
Tsing Tao said:
Greenspan didn't take rates to the zero bound.
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True. But he initiated the ‘Greenspan Put’..the impetus for the Fed creating bubble after bubble and calamity after calamity directly related to shitty easy money policy.
He started it all.
Hence - Godfather.
 
LacesOut said:
True. But he initiated the ‘Greenspan Put’..the impetus for the Fed creating bubble after bubble and calamity after calamity directly related to shitty easy money policy.
He started it all.
Hence - Godfather.
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Greenspan, Bernanke, and Yellen.... all to go down in history for the harm they've done.... as did John Law.
 
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