Let me tell you this right now, if Neel Kashkari is appointed to be next chief of the Federal Reserve, I will, quite literally, cut my balls off. I know that sounds a bit extreme; and I am offered zero upside to this bet. After all, should I win, whoopee-doo, someone else is running the Fed. But if I lose, I will then have to undergo the pain process of cutting my own testicles off with a dull knife.
The bond bozo, Jeff Gundlach, believes Kashkari will be the next Fed head — because MUH easy money.
Gundlach said that Trump needs someone who will keep rates low in order to keep his populist reputation and help his base voters and that’s why he’ll pick Kashkari.
“A stronger dollar is not good for achieving that agenda,” he said.
The current betting favorite on Wall Street for Fed chief is one-time Fed governor Kevin Warsh, but Gundlach says he doesn’t believe it’s going to be him. He also said there’s no way the president’s chief economic advisor Gary Cohn gets the job because of his close connections to Goldman Sachs, where he was the No. 2 executive. Last month, Trump interviewed them both for the job and current Fed governor Jerome Powell.
“I think I’m the only guy on God’s green earth that believes it will be Neel Kashkari,” said Gundlach.
Damn right you fucking idiot. It’s not going to happen.
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Trump will seek to cut a deal to get whomever he appoints to continue easy money in exchange for remaining quiet as the Fed executes on the dual mandate.
Dual Mandate:
Transfer wealth to the already asset-rich;
Ignore any violations of regulations committed by the favored among those they are supposed to regulate.
Trump needs to keep stocked market up by all means. Good for ratings!
I’m beginning to miss the days of the Bernanke.
The halcyon days when life was simple.
Fly,
You know goddam well Neal is gonna win.
The photo with him and I only reinforces this. The prophecy remains in tact.
I’m usually in the right place at the right time. Chuck is always right.
He is in, your balls are gonna be fucking out.
Take it back.
Regards
Chuck bennett
Damn Chucky, damn Fly, you both is BOLD! Who wins?!
Yes, Trump will cut a deal for Kashkari and Fly will cut a ball sac. Gundlach knows the future.
Based on past patterns, the next FED should again be one the usual synagogue suspects; however, it is a mathematical certainty that the current level of debt will implode and rather than letting that happen organically, the FED is starting to attempt controlled demolition of debt markets with gradual rate increases. It may so happen that the hofjuden will let a goy be a fall guy, the worst FED ever. My bet is however for another Jew running the FED.
Gundlach the Great correctly called Trump back in Jan 2016 as the winning suit. Makes sense, if the proud tradition of dollar destruction is to continue. Also to Gundlach’s credit – he nailed the low of the T10Y in July of 2016. Disclaimer: I like his webcasts at doubleline.com (free, “registration” required, live or two week red-tape delay) Looking at Neel_Kashkari on wikip – looks like he has deep Republican cred and is ready for DC – he has a dog.