He also just doesn’t care. At all. While it burns down he’s just going to keep saying “things are going really well” and “there may be some bumps in the road but we are perfectly ok with that.”
Right? Guys exactly where he wants to be. Imagine having the best day of your life (excused of all crimes, getting richer by the day, and lines of people paying 1m+ a pop to talk to you) every day and then you realize exactly how disconnected he actually is. His best day is at the expense of everyone else’s but he’ll never know because of his happy best day ever bubble. It’s sickening.
Not to mention every company and country paying him directly to help loophole their tariffs. He is making bank off of this while selling out the country.
he could never say so few words. It'll be "WE INHERITED THE WORST ENCOMY, PEOPLE ARE SAYING OF ALL TIME, THE MARKET WAS ON FIRE BECAUSE OF SLEEPY JOEBAMA..."
A big part of why he's able to try whatever he wants and fuck around without caring about the consequences is because he knows that this won't affect him. He's 80 and on the final years of his life. Even if the American empire declines, he won't live to see it.
And cannot be worried with running for re-election. He knows he’s got this first half of his first term to get a lot of “work” done. After mid terms, we just grind hopelessly into the next election.
Imagine if all of your legal, financial, and career decisions could just happen in 2 years, then you get 2 years to fuck around. Rinse, repeat.
Exaaaaactly. Powell runs the fed which has 2 mandates. Inflation and Jobs. I dont see market mentioned anywhere in there. Until companies are shuttering I guess because unemployment is so low? Or high?
It is not the job of the federal reserve to protect the price of stocks, they care about the actual financials of the businesses not what people are willing to pay for a slice of ownership...well, at least until it starts to impact the wider economy.
Which is why a very confusing job report today, assuming doctored up to give the illusion that “all is well”, is actually a double edged sword. Except, in the end, the sword doesn’t cut anything at all.
3 The only way to get his republican congress on board with eliminating democracy is if they know that the next election will see all of them booted out and the republican party benched for 60 years.
or.. Congress can put a stop to all this nonsense with a 2/3 vote today.
Especially with layoffs and a looming recession. More people who can't afford their mortgage and have to sell for cheap out of desperation to some companies willing to offer cash. It's brilliantly evil.
Trump and the Heritage Foundation want to dismantle the Fed so they can control interest rates.
They knew they couldn't do it immediately. They're trying to force Powell to lower rates so they can point at him and scream about what a bad job he's doing, and have reason to remove him.
But at this pace, Trump is going to lose support from and for his cult before he gains any leverage on the Fed. So he's either going to double down on more tariffs, or he's going to force Powell out illegally with an EO and no one will do anything about it.
When the executive isn't just actively boosting inflation but actively sharing TikTok videos explaining that his whole strategy is to try and manipulate the fed into lowering interest rates?
This is the most insane shit I have ever seen him do!!! Even his Trump Gaza AI slop seems quaint in comparison. Imagine if Biden or anybody else did this shit, they would have been impeached by the end of the day and it would be a national shame for decades. This dofus shares a video saying he is actively trying to crash the economy and nobody fucking cares. WHAT THE FUCK!!!
Fed only acts on hard data and predictions on hard data. They don't respond to politics. It's by design, if they did otherwise it would jeopardize fed independence. JPow made that point very clearly in the speech and I believe to address these sorts of calls to action.
The fed isn't acting until blood is in the streets, one way or the other; and stagflation implies hike.
As they should, the remaining trust in the american economy is due to the Fed independence and reliability, but I do wonder if JPowell will have to pull a Volcker if needed.
Trump is going to nominate a chair that will be leading the fed in exactly a year, and although the Fed **should** be independent, you'd have to be very naive to believe the next chair won't be a puppet.
If jpow doesn't go full Volcker this inevitable recession is going to turn into a full blown depression.
Trump can only pick from the sitting Fed Governors, so his only choices would be Waller or Bowman if he wanted to change out Powell.
Waller would probably be Trump's pick if I were a betting man. He's a fiscal dove, but he was also one of the first to call for hikes in 2021. So, who knows.
If he cranked up interest rates 5% per meeting, he could stop inflation in its tracks. The economy is cooked regardless, but if rates were something like 15% this time next year we'd certainly have one less problem to deal with
In my view it's inevitable that we'll see hikes if the tariffs aren't removed either mostly or entirely within a year. Could definitely be faster, but I see it as at most a year.
So the Q becomes: do the courts intervene (and if so does Trump obey), does GOP grow a spine, does Trump declare victory and stop? If no to all then hikes and potentially severe hikes IMO. I don't think any are reasonably predictable right now.
Hike rates because inflation -> affordability crisis & lagging investment leads to recession
Cut rates to avoid lagging economy -> inflation reaches crisis point, leads to recession
Keep rates stable -> leads to recession
We’re in a unique spot where we’ll probably have high inflation without the economy-supporting demand & consumption that usually come with it.
Even if demand lowers in the US because of an American recession, prices probably won’t fall - the rest of the world will likely be selling at the same prices, and we’ll have less money & be tariffed to shit.
Our obligation is to keep longer-term inflation expectations well anchored and to make certain that a one-time increase in the price level does not become an ongoing inflation problem,” Powell said in prepared remarks. “We are well positioned to wait for greater clarity before considering any adjustments to our policy stance. It is too soon to say what will be the appropriate path for monetary policy
In other words:
We will not make any rate cuts until we start to see economic data that shows the impacts of these tariffs.
We are worried that these tariffs will cause runaway inflation. Our obligation is to enact monetary policy that would prevent that, if we start to see signs of that in upcoming economic data.
This is him saying that there is a chance rates may increase within the next year.
May? The economy still presents as “hot” and inflation is going to come in long before the end company takes a dive. So the fed will have a hot economy and high inflation.
Powell made some hard choices during the post covid recession the world felt and it made him unpopular. Now he's fighting a legit moron and people woke up to the fact that he actually is the only one who actually is trying not to break everything.
Powel is already done with his term next year I think, then the board needs to choose a new leader. Im sure Trump will stick some Fox news anchor in the role. -80% interest rates as long as your bank account has over 10M
How do we get this man to be the next president? He's always so calm, collected, and factual. He architected a soft landing and has been killing it since taking office.
"There was covid, then high inflation, then soft landing, then this."
i'm pretty sure I remember Obama himself acknowledging something that wasn't that far from this, to the effect that you needed to be at least a little narcissistic to pursue this job if you're ever gonna have a chance at getting it.
Sociopathy is a spectrum, and narcissism's on the weak end of it. Mango's clearly at least that far down the scale, and I wouldn't be surprised if he's clinically a lot further on it.
what? no it wouldn't lol. i mean she even campaigned on things like 10,000$ for first time homebuyers and small businesses and the media raked her over the coals for not having a way to pay for it.
Dems are pretty terrible at messaging and campaigning, and tbf Trump isn't better at putting together coherent thoughts than Biden, it's just that his baseline vocabulary and intellectual depth is so limited, it makes it much harder to spot a cognitive decline.
I really encourage you to read a transcript of his, it is surprising just how hollow or downright incoherent it all is once you remove the spectacle of it.
I mean I don't need to read that to know he's incoherent lol we all know that... but if you listen to the average person talking, they can be quite incoherent and tangential too
Because somehow they thought gaslighting everyone into thinking Biden was okay until he wasn't was a great strategy. Now thanks to it we are having a market collapse.
Pissed I sold mine yesterday morning. 50k instead of 500k. Pissed I didn’t bet more. Burned too many times and got scared. Not sure about outs next week 9% in two days is nuts
Dude same, I sold as it started spiking briefly yesterday at market open. Had $20k in puts in the money at 9.99 on Ford, but then it jumped a small amount and I figured “fuck it, still up, might as well cash in now” at like 9.87
This game is absolutely brutal. Probably won’t be an easier catalyst for a while but hindsight always 20/20. Least we made some money….fuck me have a ton in bonds coulda made a lifetime of wages if I’d had some bigger balls. On to the next one👊
I know people have been crying recession for years but with these tariffs and Jerome basically flipping the bird to the administration I genuinely think this might be the beginning of a painful 2 years of chicken straight to the bottom.
Oh, it turns out, boomers actually do want to retire and don’t want to have to reenter the work force at 70 just because they really didn’t like purple haired 20 year olds and they decided to nuke their retirement accounts to send a message. I’m 30, I can survive this era. Good luck if you’re at retirement age and decided to wipe off years of retirement savings and compounded gains over the last 30-40 years. I’ll outlive this shit, will they?
The voter base just elected people almost exclusively due to economic factors. If things get significantly worse, things are going to flip the other way.
Even if you think that's true people are just going to be reactionary and go against who's currently in charge especially if things are visibly getting worse in the day to day
why dont one of these billionaire oligarchs put and end to this madness. aint no way they still want trump around f'ing up thier money like this. we all know this county run by rich people anyways
The super duper billionaires are the ones best poised to gain from this. They can afford to lose twenty billion dollars now in exchange for the opportunity to buy up half the country for pennies on the dollar whenever we hit the bottom, wherever that is.
It will help pull some of the money out but broken supply chains will be the driver behind this inflation. I remember during the pandemic there was a lot of goods that had ridiculous backlog wait times. I read about a truck driver having to wait months for a part he needed. I ordered a sofa and had to wait like 3-4 months because wood was the same. This economy is fucked.
To the people still following him. It’s ok to admit you are in a cult. This is the part where Jim jones it telling you the kool aid will give you eternal life if you just trust him when you know this is bad. It’s ok to leave!
The gravy train could've kept on rolling with Harris but no people decided 2.5 years of discomfort was worth what may amount to a decade or more of pain
Didn't everyone expect this? Powell is a wise man who won't budge for a toddler who throws random tariffs at countries every week. 🍊 man wants to get his rate cuts. I'm on Powell's side here, this administration is too unpredictable at this point. Let's first see the real damage tariffs cause
•
u/VisualMod GPT-REEEE 13h ago
Join WSB Discord