atans1

Trump’s a genius

In Uncategorized on 31/08/2019 at 11:45 am

An unstable one even if he calls himself “a stable genius”.

Mr Trump has portrayed the Fed chief as an economic threat, and few people have come to the central banker’s support. Recently, The Donald called dubbed Mr Powell the “golfer who can’t put”. Populists side with Trump, while Democrats and progressives don’t want to be seen as defenders of Wall St.  They think the Fed is more interested in protecting Wall St, not Main St.

Karen Petrou, managing partner of Federal Financial Analytics, says Mr Trump has set up Mr Powell for blame if, or when, things go wrong. For all the president’s contradictions, he’s a master of political reality, she says.

Mr Trump doesn’t care what rates are. He cares about who voters think is to blame for slower growth and market turmoil, and he is determined to be sure it isn’t him,” she said. “What’s an astute politician to do? Find a fall guy distrusted by Republicans, Democrats, independents, populists, and progressives.

https://www.bbc.com/news/business-49415776

 

 

 

 

  1. Ordinary masses are getting fedup with Trump.

    https://www.bloomberg.com/news/articles/2019-08-28/trump-increasingly-blamed-by-voters-for-declining-economy

    #TrumpRecession … now he’s being compared to George HW Bush.

    Knowing Trump, he’ll probably make some deal 3-4 months before the elections & declare himself and US the winner.

    In the meantime export economies like S’pore will go into recession —- good time to load up on risk assets!

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