r/wallstreetbets • u/Force_Hammer • 1d ago

News Powell sees tariffs raising inflation and says Fed will wait before further rate moves

https://www.cnbc.com/2025/04/04/powell-sees-tariffs-raising-inflation-and-says-fed-will-wait-before-further-rate-moves.html
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197

u/ManulifyGamesFlo 1d ago

Must be very frustrating for Powell and all the smart people dealing with that idiot in the white house

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u/mattressmaker2 1d ago

He looked like he wanted to die

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u/karmagod13000 1d ago edited 1d ago

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

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u/Habefiet 23h ago

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.

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u/karmagod13000 23h ago

i mean id make a killing to if i just knew when to buy. every time i get back in trump does something else and i lose a $1000

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u/everyoneneedsaherro 18h ago

I’m convinced he gives these people a heads up before he puts a tariff. Trump is all about quid pro quo.

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u/JohanGrimm 21h ago

I always see this posted on Reddit and I get it, it seems like it would be true. But that's not how billionaires work, at least most of the ones people are thinking of. They have very little liquiduity and are often leveraged to the tits to fund whatever. So the markets absolutely nosediving is almost worse for them than it is for your average person. Being so leveraged there's a real possibility they can default and cause a cascade that wipes them out completely. The ones who aren't still have most of their assets illiquid and aren't in a position to take meaningful advantage of buying up half the country.

There's also just the issue of why not just maintain the status quo? If line goes up then they're doing well, purposefully making line go down significantly and then correcting just means everyone including them lost several years or more of growth.

It's like saying your arm's going to be stronger after it heals from a self inflicted break when in reality it'd be strongest if you hadn't broken it in the first place.

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u/Whaddaulookinat 15h ago

People point to that the top 1% got something like 75% of the gains since 08 but forget that 1% looked vastly different before and after the crash.

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u/spazz720 22h ago

Most of them are just as stupid as him

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u/AnyBug1039 22h ago

That's the thing. Bezos is a smart guy, sure. Musk is a smart guy, but the defining quality of these guys is their ambition, their love of enriching themselves and their work ethic. I'm still unsure if Bezos is completely evil, but Musk certainly is.

There are much smarter guys than them working for amazon or spaceX or whatever.

These are not guys who give a shit about the average voter either.

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u/AstariiFilms 19h ago

Look up the network state, this is what the billionaire oligarchs have been planning for decades.

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u/JohanGrimm 21h ago

For the same reason you and some buddies don't seriously consider murdering another guy you really dislike. Guys like Bezos, Musk and Zuck are powerful, ambitious and influential but they're still awkward nerdy dudes. Taking the leap from awkward nerdy billionaire to basically russian crime boss is big jump.