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Re: Federal Reserve guy is not nuts

By: Gsratio in ALEA | Recommend this post (0)
Fri, 10 Apr 20 8:50 PM | 19 view(s)
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Msg. 35471 of 54959
(This msg. is a reply to 35466 by Cactus Flower)

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The Fed raised rates again in Dec 2018,the market carried
on down....Trump was going to fire Powell.

The markets fell further until Dec 24th when
Mnuchin had a talk with all the Big Banks,everything
must have got fixed as the markets rallied from
that day to the top......... & The Fed did a 180
& cut 3 times in 2019.

I don't call that independence...

We won't need an economic bounce back to get to
new market highs,all we need is Unlimited money(debt)
which Trump already has.




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The above is a reply to the following message:
Re: Federal Reserve guy is not nuts
By: Cactus Flower
in ALEA
Fri, 10 Apr 20 7:47 PM
Msg. 35466 of 54959

Do you mean the midterms in 2018?

The economic data was softening and the Fed acted to avoid a recession. It's certainly not helpful to the appearance of the Federal Reserve's independence that Trump tried to bully them. But they acted within their mandate. Fairly bog standard response.

The main issue at the midterms was the assault on people with existing conditions. Since then, Trump has said one thing and done another: he says he wants to protect the vulnerable but he attacks the system which protects them in the courts.

I doubt the economic bounce back will be immediate, but we'll see. This isn't a situation folks have seen in the last hundred years. 15-20% unemployment is a tough backdrop for an incumbent.


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