This is bordering on inane, already.
Trump just tweeted this.
China will be pumping money into their system and probably reducing interest rates, as always, in order to make up for the business they are, and will be, losing. If the Federal Reserve ever did a “match,” it would be game over, we win! In any event, China wants a deal!
— Donald J. Trump (@realDonaldTrump) May 14, 2019
You know, I put up with a lot of nonsense from POTUS and he makes me laugh a great deal — but enough it enough with asking the Fed to cut rates while markets are at record highs. Do I think the Fed should’ve hiked rates? No. But they’re already there now and you can’t just cut them for the sake of winning trade wars or to get stock prices to go even higher.
I suppose I hate the Fed anyway, so maybe all of this Fed trolling is a good thing to undermine them and cause the public to lose faith in them. Nevertheless, it seems like a great big waste of fucking time and makes us look like jackasses on a grande giant stage — sucking Fed dick for a few points in the Spoos.If you enjoy the content at iBankCoin, please follow us on Twitter