The idea behind lower rates is to promote investment. But investment is being severely discouraged by the absolute dumpster fire of a political environment the country is in right now where nobody knows if a “good” investment will suddenly turn into a terrible investment at the whim of the irrational toddler in charge. As a result, lowering the interest rates would most probably do nothing more than promote inflation. Powell knows that and this is why he refuses to lower the rates.
The president throwing a tantrum and trying to pressure a position that can only properly do its job of regulating the economy if it is shielded against political influence will only push investors away even more.
Buckle up Americans, looks like a great depression is coming. And it was entirely manufactured by your president’s incompetence.
No, this is not incompetence, it is insider trading. They had a plan with tariffs and made their money.
When Trump finally falls the people that raised up that useful idiot will all get to keep the insider trading money they made by yo-yo’ing the economy.
The issue the OC is talking about isn’t something you can just walk back and take your winnings. Owning the husk of a once great economy isn’t really a great outcome.
I don’t think anyone understands that if he ousts Powell/gets his interest rate lowered, we’re looking at a depression or worse. That kind of economic crisis has the potential to ruin literally anyone, including the wealthy/elites.
Many cowards in the Republiqan Party. Also a whole lotta stupid people more engaged in their stupid identity politics who have the mantra of “any criticism of donvict is because someone just has ‘trump derangement syndrome’ and something something argle bargle DEI”.
The idea behind lower rates is to promote investment. But investment is being severely discouraged by the absolute dumpster fire of a political environment the country is in right now where nobody knows if a “good” investment will suddenly turn into a terrible investment at the whim of the irrational toddler in charge. As a result, lowering the interest rates would most probably do nothing more than promote inflation. Powell knows that and this is why he refuses to lower the rates.
The president throwing a tantrum and trying to pressure a position that can only properly do its job of regulating the economy if it is shielded against political influence will only push investors away even more.
Buckle up Americans, looks like a great depression is coming. And it was entirely manufactured by your president’s incompetence.
No, this is not incompetence, it is insider trading. They had a plan with tariffs and made their money. When Trump finally falls the people that raised up that useful idiot will all get to keep the insider trading money they made by yo-yo’ing the economy.
The issue the OC is talking about isn’t something you can just walk back and take your winnings. Owning the husk of a once great economy isn’t really a great outcome.
I don’t think anyone understands that if he ousts Powell/gets his interest rate lowered, we’re looking at a depression or worse. That kind of economic crisis has the potential to ruin literally anyone, including the wealthy/elites.
Um, I think everyone except his hardcore followers understands that.
If that were the case he wouldn’t be in power anymore. Either enough people don’t understand or don’t believe it.
Many cowards in the Republiqan Party. Also a whole lotta stupid people more engaged in their stupid identity politics who have the mantra of “any criticism of donvict is because someone just has ‘trump derangement syndrome’ and something something argle bargle DEI”.
Calling it now. It will be called the DEI-pression