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Re: Federal Reserve guy is not nuts

By: Gsratio in ALEA | Recommend this post (0)
Fri, 10 Apr 20 11:55 AM | 17 view(s)
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Msg. 35438 of 54959
(This msg. is a reply to 35433 by Cactus Flower)

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Powell has given away the Fed's independence,& Trump
is now free to print as many Trillions as he needs
to get reelected.
The stock market is now at historic all time highs
in terms of PE,& will go even higher before the
election.

Your sane person just gave Trump another 4 more
years!

"The real question is not how far will they go, that is unlimited, but will Trump ever allow them to stop?

Does Trump think he can ram the stock market to DJIA 40,000 despite what fair value might say it is? And will he demand the Fed "print" the mother of all bubbles to get re-elected?

It is now legal, and Trump now has the authority to do exactly this. The Fed has given away its independence to the Administration. The only thing that would stop him is discipline and restraint ... two words not often associated with Trump."


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The above is a reply to the following message:
Federal Reserve guy is not nuts
By: Cactus Flower
in ALEA
Fri, 10 Apr 20 12:07 AM
Msg. 35433 of 54959

At least there's one sane person there.

"Powell called for a national discussion about what it will take to reopen the economy, but he urged caution about moving too quickly and triggering another spike in coronavirus cases and deaths. Treasury Secretary Steven Mnuchin has said it’s possible businesses can reopen in May. Powell said sometime after July is more likely."

One factor that should not be mentioned. Trump's reelection. It should not be part of any discussion.


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