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In 3 Months Fed Chair Jerome Powell Just Destroyed Trump Economy – Dow Lost Over $4 Trillion in Val
GATEWAY PUNDIT ^
| 12/20/2018
| JOE Hoft
Posted on 12/20/2018 9:00:33 AM PST by bitt
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In 3 Months Fed Chair Jerome Powell Just Destroyed Trump Economy Dow Lost Over $4 Trillion in Value FIRE HIM ALREADY!
1
posted on
12/20/2018 9:00:33 AM PST
by
bitt
To: Whenifhow; null and void; aragorn; EnigmaticAnomaly; kalee; Kale; 2ndDivisionVet; azishot; ...
2
posted on
12/20/2018 9:00:51 AM PST
by
bitt
(new q thread)
To: bitt
The Deep State ALWAYS WINS. We were always on borrowed time. 2 years was all Trump and we were going to get.
3
posted on
12/20/2018 9:02:14 AM PST
by
backwoods-engineer
(Enjoy the decline of the American empire.)
To: backwoods-engineer
4
posted on
12/20/2018 9:03:49 AM PST
by
gibsonguy
To: bitt
Get rid of this idiot. Bring in Steve Forbes or someone who actually knows what he is doing. He is killing the “Trump economy.” Just what Democrats want.
5
posted on
12/20/2018 9:04:08 AM PST
by
donozark
(There are no flamingos in Venezuela.)
To: bitt
Why?
Well....because he can.
6
posted on
12/20/2018 9:05:08 AM PST
by
Cletus.D.Yokel
(Catastrophic, Anthropogenic Climate Alterations: The acronym explains the science.)
To: bitt
The Dow is not the economy.
7
posted on
12/20/2018 9:05:10 AM PST
by
DungeonMaster
(Vote your bible.)
To: backwoods-engineer
Hold the line!
8
posted on
12/20/2018 9:05:41 AM PST
by
Enigo54
(Hank Reardon was right)
To: bitt
I predicted that right after the election. The Fed is not a friend!
9
posted on
12/20/2018 9:05:57 AM PST
by
JimRed
( TERM LIMITS, NOW! Build the Wall Faster! TRUTH is the new HATE SPEECH.)
To: donozark
I love Steve Forbes. When he decided to run for president, he did not do well in the primaries. I was so disappointed, I thought he would make a great president. I still do. I think Forbes would be an excellent choice to head the Fed, if he would take the job.
10
posted on
12/20/2018 9:06:46 AM PST
by
erkelly
To: babble-on; central_va
So maybe I’m not the only one who sees Powell as less then competent.
Or maybe he really is doing exactly what he was told to do.
Either way, ain’t good for us.
To: DungeonMaster
You’re right. The Dow is not the economy. But screwing with it makes a dandy weapon to use to harm the economy.
12
posted on
12/20/2018 9:08:38 AM PST
by
mewzilla
(Break out the mustard seeds.)
To: bitt
13
posted on
12/20/2018 9:08:42 AM PST
by
timestax
To: bitt
14
posted on
12/20/2018 9:08:45 AM PST
by
Bonemaker
(invictus maneo)
To: bitt
This is disastrous for us retired people. The swamp is destroying Trump success out of their own greed.
Destroy the Fed/swamp.
15
posted on
12/20/2018 9:09:25 AM PST
by
mountainlion
(Live well for those that did not make it back.)
To: backwoods-engineer
Go soak your head. It’s not over yet by a longshot.
16
posted on
12/20/2018 9:09:39 AM PST
by
DarthVader
(Not by speeches & majority decisions will the great issues of today be decided but by Blood & Iron)
To: bitt
Nonsense. Interest rates couldn’t stay that low forever, and the stock market couldn’t keep climbing forever.
17
posted on
12/20/2018 9:11:19 AM PST
by
mlo
To: bitt
18
posted on
12/20/2018 9:11:54 AM PST
by
eclectic
(Liberalism is a mental disorder)
To: bitt
First, the Fed is a bad institution that should be killed off.
Second, they did NOT destroy any wealth. By lowering interest rates artificially, the Fed drove up pricing in real estate and stocks etc. This is not real wealth.
There is a real rate of interest. It’s probably in the 7-8% range, but I don’t know. The Fed can push everyone into bonds by keep pumping up the rate, then the bond holders will be “wealthy”.
Meanwhile, Congress has been spending so much that a large interest increase will bankrupt the country. The true value of assets is only determined when the Fed stops manipulating interest rates and lets them float.
To: bitt
And steroid testing destroyed baseball by eliminating the chance of a hundred home run season.
Interest rates were kept too low for too long. They are finally returning to sane levels. Is it rough if your investments require the stock market to be perpetually juiced? Yes, but it has to be done.
20
posted on
12/20/2018 9:12:10 AM PST
by
KarlInOhio
(Leave the job, leave the clearance. It should be the same rule for the Swamp as for everyone else.)
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