His understanding of economics is on the junior-high level.
Read this. Weep.
Link: https://www.cnbc.com/2018/07/20/trump-were-playing-with-the-banks-money-on-markets-gain-since-el.html
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Everyone on the Street already sees this but it makes good theater for the Trumpbot lemmings. Diaper Donald is a con man and he knows he’s going to have to bail on his trade position but he won’t take the blame. He’s creating the cover ahead of the story.
Watch the business press closely. They’re already undercutting his stupid narrative.
trade imbalance gets improved. Trump is indeed good at using bank money. For main street, the community banks, credit unions... they always support local Americans anyway.
State of Florida?
I bet you also believe that if there were no federal reserve that banks would never raise interest rates, huh?
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While sucking down a double quarter pounder at McDonald’s, Donald will give the universal choking sign but no one will believe him as the half pound of beef plugs his oversized blow hole.
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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.
of financial products. Don't forget Glass–Steagall has not been back yet, derivatives market is still a big part of wall street. You'd better be fucked now, instead when you're ready to retire in the future. Just say Thank Trump.
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Everything Trump has done thius far has juiced the financial sector above all others. You are a neophyte and a fool for stepping into a world that is far beyond your capabilities. Trump iOS the mortal enemy of working people. Sit back and watch junior.
Further, the need to be recognized for accomplishment and expertise is a common sign of someone who has neither. I suspect that if indeed you have any expertise in this field, it is not in the real world.
constitutes knowledge but if you and your boy would like to go toe to toe on banking, capital markets and Fed interest rate policy, bring it on.
It’s painfully obvious when neophytes are regurgitating childishly simplistic opinions on a topic that is beyond their grasp. Since you know so much maybe you could explain how recent Fed policy has affected leveraging the balance sheet?
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in financial industry. They help local Americans. Trump freed them from Dodd-Frank regulation.
late 80's? The S&L industry went belly up during a rising rate environment. They were less profitable...how could that be?
Banks work off a spread dumb ass but their cost of funds doesn't move as quickly as an interest rate hike. Why you ask? Well because dumb asses like you are exceedingly slow to demand more for their time deposits as rates go higher. Basically, the bank is fucking you up the ass by borrowing your money at a lower than market rate because you're a clown. And it doesn't matter if it's a local, regional, national or international bank. People get arbitraged because they are slow to react. Eventually morons like you begin to realize what's happening and time deposit rates increase.
Based on your supposedly obvious "banking 101" explanation, banks will always make a wider spread because their cost of funds never increases as rates go up. That's just fucking stupid.
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Let China continue to hollow out our economy, and steal our IP without consequence? Something needs to be done. Most politicians are just too chicken shit (or owned by businesses who greatly profit from Chinese slave labor) to do anything about it.
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And I guess Midde Mericans had no other choice but to vote for him, since they all are a bunch of over emotional half-tards.
Or at least that’s what you guys think. As if they cannot see Trump for who he is.
All bullshit. Anyone who voted for this nonsense deserves what is coming.
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We all deserve what is coming.
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