He’s got the wind of QUantitative Easing five point O at his back as the result of a tax cut that is being used to buy back stock. This doesn’t help the real economy much but it’s propping the market up because there’s about a trillion dollars with which to buy stocks.
What the dumbass didn’t anticipate or most likely didn’t listen to was the likelihood of fed tightening in the face of inflationary pressure. What Diaper Boy and every Trump gnome on this forum don’t get, is that the FED doesn’t make the market, the market makes the market. The Feds job is to reduce the possibility of a devastating interest rate shock by providing guidance in the form of incremental rate adjustments. REST ASSURED, if the Fed didn’t do this, the market eventually would and that would be ugly.
The game that Trump is playing now is quite dangerous. He’s hoping the market will hold up and that China flinches. The reason he’s blabbing about interest rate policy and attacking the Fed Chairman, is that he needs a scapegoat if his plan backfires. And we’re already seeing signs that it’s not working. That’s why he’s out there demonizing the Fed....It’s a distraction for his Naive followers and the perfect scapegoat for a con man.
Don’t have time to get into trade deals but he’s blaming China when he should be blaming corporate America for these clusterfuck agreements. Again, just another shiny toy to distract his clueless minions.