Markets slides, Trump tosses Powell undertone bus. What a time to be alive.
“The Fed has got to do something! The Fed is the Central Bank of the United States, not the Central Bank of the World.” Mark Grant @Varneyco Correct! The Federal Reserve acted far too quickly, and now is very, very late. Too bad, so much to gain on the upside!
— Donald J. Trump (@realDonaldTrump) August 14, 2019
“So far, you’ve had Tariffs imposed on 300 Billion Dollars worth of Chinese products, but you can’t tell me that it has hurt our economy…& it really hasn’t led to any kind of serious rise in prices at the consumer level.” @Varneyco @FoxBusiness And we are taking in $Billions!
— Donald J. Trump (@realDonaldTrump) August 14, 2019
Tremendous amounts of money pouring into the United States. People want safety!
— Donald J. Trump (@realDonaldTrump) August 14, 2019
The Great Charles Payne @cvpayne correctly stated that Fed Chair Jay Powell made TWO enormous mistakes. 1. When he said “mid cycle adjustment.” 2. We’re data dependent. “He did not do the right thing.” I agree (to put it mildly!). @Varneyco
— Donald J. Trump (@realDonaldTrump) August 14, 2019
..Spread is way too much as other countries say THANK YOU to clueless Jay Powell and the Federal Reserve. Germany, and many others, are playing the game! CRAZY INVERTED YIELD CURVE! We should easily be reaping big Rewards & Gains, but the Fed is holding us back. We will Win!
— Donald J. Trump (@realDonaldTrump) August 14, 2019
Smells like fear.
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A predictable media battle with TwitterTrump/Fox blaming the Fed for the financial apocalypse that we may now be entering while the rest of MSM will blame Trump and the trade war he launched. I’d guess that the powers-that-be want Trump, or some alternative Republican redistribution-up candidate vs one of the redistribution-downward Dems.
When the Fed started raising rates I thought they were doing it just to point their dicks in the direction of normalcy and have some ammo when the shit hit the fan. Rates are still low by historical standards and have arguably created a bubble in risky assets by enticing companies to take on debt only to flush it down the toilet for buybacks. So we have some down days and the Pres is raging on the Fed to lower rates. Short sighted asshole. I think he wants negative rates and will continue to bitch and berate JP until he completely withers and gives him his 1pt cut. He is an arson starting fires in hopes he can put out said fires and be the hero to the ill-informed, sound bit consuming zombie voters.
Trump is the needed stimulus to rocket gold and silver to the moon.
so far so good but I’m definately going to sell any exhuberance should we be so lucky.
Last thing you want to be is Trumps guy. He’ll throw you under the bus in a heartbeat.
Motherfucker. The only thing that’s going to zero are interest rates. You feel me?
Have any of you idiots heard of Japan or maybe Germany? How about Switzerland?
Regards
Chuck Bennett
Lol, Trump on vacation between golf shots still firing on all cylinders
I’m going to miss Trump in 5 years–this has been the most fun politics has ever been for me. The guy is a nitwit, but an extremely entertaining one at that.
There will be a place for Trump of Mt Rushmore once he’s done after his second term.
Mid-cycle yield curve inversion. Nothing to see here.
The Democrat-Communists are angry that Trump bumped the market +30% in two years.
Mainly because they shorted the market after the election and tried to day trade their way back to even by shorting the entire time.
Broke dicks.
The difference between Republican and Neoliberal Democrats is that Democrats at least pretende to care about the wealth inequality.
Meanwhile during an economic expansion, Trump has still run the largest budget deficits in History just to provide a tax break for the rich. Well played, indeed. Unfortunately, now comes the macroeconomics lesson.
Even his trillion dollar deficit can’t save him now.
“This is not a market for the fair sex…Either you buy now betting for a morning dip, or you sell short”
After a day like yesterday, only an (a)lpha male would do something as idiotic as make a short-term directional bet before 8:30am today, so I guess I already know what most of this blog’s denizens did: flip a coin, buy a 3x ETF, and hope for the best.
… and then call it skill if they make money and bad luck if they don’t.
Pompous one, The only ones I can recall posting about using 2x and 3x etfs are you and Fly. And Fly uses them for a quicky and does not hold them for for weeks as they plummet …ah hem.
You missed my point. I see nothign wrong with leveraged ETFs. However, anybody trying to make money as a trader would knwo that the Retail Sales report was posted at 8:30am and it would be imprudent placing a short-term play before that.
Also, without looking back at the blog, can you name one other person besdies Fly and myself that called out a specific trade in the last two weeks? It happens, but isn’t common.