"I’ll demand that interest rates drop immediately,” Trump said. “And likewise, they should be dropping all over the world. Interest rates should follow us all over.”
pull down to refresh
related posts
81 sats \ 0 replies \ @Rothbardian_fanatic 9h
Good luck with that!!
Interest rates, at this time, are being finagled by the Federal Reserve Bank.
Trump may find that if he ends the fed that interest rates may soar due to lack of savings. The natural rate of interest may be high because of Merkans’ high time preferences. They did this to us with their debt is good propaganda and now they will reap the whirlwind.
reply
71 sats \ 3 replies \ @grayruby 10h
It will be fun to watch Trump and Powell butt heads.
reply
40 sats \ 2 replies \ @siggy47 OP 10h
I just realized that I haven't been on Stacker News during a Time of Trump. This will be fun.
reply
41 sats \ 1 reply \ @grayruby 10h
He does keep things interesting. I will give him that.
reply
40 sats \ 0 replies \ @Rothbardian_fanatic 9h
Trump is nothing more than a bull in a china shop or a box shaker, whichever you prefer. He is there to make changes, we will have to find out if they are good or bad changes, later.
reply
71 sats \ 12 replies \ @Undisciplined 10h
Trump: We're gonna have the strongest dollar and the lowest interest rates ever. It's going to be tremendous.
reply
69 sats \ 7 replies \ @siggy47 OP 10h
People will be saying to each other, it's tremendous, like something no one has ever seen before.
reply
41 sats \ 6 replies \ @Rothbardian_fanatic 9h
They will be saying that only if what he does works for lowering interest rates and makes dollars stronger.
Tariffs and lower interest rates tend to cause malinvestments in the economy that have to be straightened out later, usually by what we now call a recession. I just hope we don’t get a repeat of the ‘30s. Remember the Smoot-Hawley Tariff Act and what it did for trade and economies and the results in ‘38?
reply
37 sats \ 5 replies \ @siggy47 OP 9h
I agree. Please don't take my response seriously. I was just doing a lame Trump impression. Remember how he would brow beat Powell during his first term to lower interest rates? The stock market was his scorecard.
reply
41 sats \ 4 replies \ @Rothbardian_fanatic 9h
I know he is using a KPI kind of scoreboard for his targets. The problem is that he is trying to apply these methods to a whole economy and not just a project or a business. He was an ijit then and he is trying to be an ijit now.
I have to agree though, he is lame at a lot of points. Ijit!
reply
0 sats \ 3 replies \ @siggy47 OP 9h
Honestly, the country is fucked no matter how you slice it. At least he's entertaining.
reply
41 sats \ 2 replies \ @Rothbardian_fanatic 9h
He is, indeed, entertaining!
I just wish he would try to quit peeing on everything and calling it his. He might regret that habit later when the chickens come home to roost. He is acting just like my tomcat.
reply
30 sats \ 1 reply \ @siggy47 OP 9h
Does your tomcat ever exhibit signs of regret? About anything?
view replies
41 sats \ 3 replies \ @Rothbardian_fanatic 9h
Are you saying that the Merkans’ time preference for money is low?
Hmmm……… I think evidences indicates differently.
reply
51 sats \ 2 replies \ @Undisciplined 9h
No, I'm just joking that he wants two things that are mutually exclusive.
reply
69 sats \ 0 replies \ @Rothbardian_fanatic 9h
Yes, and two things they have tried before and failed miserably at doing. These ijits just cannot leave well-enough alone. They just have to put their finger in the pie or pee all over something to claim it as theirs. The economy is everybody’s but not the state’s. The state can do nothing but harm to the economy.
reply
42 sats \ 0 replies \ @SimpleStacker 7h
Mutually exclusive for you maybe
reply
41 sats \ 1 reply \ @elvismercury 7h
I wonder if he'll die before he realizes that he can't just command things to happen. I'm guessing yes.
reply
30 sats \ 0 replies \ @siggy47 OP 7h
Definitely. I'm jealous. Without self awareness you are never embarrassed.
reply
41 sats \ 0 replies \ @LowK3y19 7h
Grand day if he can actually do it
reply
41 sats \ 0 replies \ @Satosora 9h
I dont know if he says these ignorant things to wow people, or if he is just trying to convince the uneducated how powerful he is?
Do they fall for it?
reply
41 sats \ 0 replies \ @denlillaapan 9h
good luck with that!
#758714
reply