FYI, Trump called the Fed chief crazy the other day.
Of course Trump has been using the stock market as a barometer of his administration and now that stocks are sinking, he's looking for a scapegoat. Politics by acting loco crazy instead of arguing the economy is great and jobs are plentiful. Supply chains in some companies are stressed with high tariffs though.
Fed was not needed before everyone knew the market sets rates and the fed or central banks of every country simply responds to the 3 month treasury rate to increase or decrease rates for every country. However now the value of the dollar is only worth less than 5% of what it was worth some time ago. The fed has gone loco crazy if you don't assume they are out for themselves. Banks have bankrupted this country. We're stuck. Hoping the fed can really get crazy and maybe we can have low inflation and a much higher GDP. People are saving their money if you look at growing checking account balances.
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https://www.youtube.com/watch?v=MlytV66O…
FYI, Trump called the Fed chief crazy the other day.
Of course Trump has been using the stock market as a barometer of his administration and now that stocks are sinking, he's looking for a scapegoat. Politics by acting loco crazy instead of arguing the economy is great and jobs are plentiful. Supply chains in some companies are stressed with high tariffs though.
Fed was not needed before everyone knew the market sets rates and the fed or central banks of every country simply responds to the 3 month treasury rate to increase or decrease rates for every country. However now the value of the dollar is only worth less than 5% of what it was worth some time ago. The fed has gone loco crazy if you don't assume they are out for themselves. Banks have bankrupted this country. We're stuck. Hoping the fed can really get crazy and maybe we can have low inflation and a much higher GDP. People are saving their money if you look at growing checking account balances.
Let's all go loco. Lol