Trump has a new rule for Fed Chair, and he want to terminate media licenses too.
The Trump Rule
The Financial News today was great — GDP up 4.2% as opposed to the predicted 2.5% (and this, despite the downward pressure of the recent Democrat Shutdown!) — But in the Modern Market, when you have good news, the Market stays even, or goes down, because Wall Street’s “heads” are wired differently than they used to be. In the old days, when there was good news, the Market went up. Nowadays, when there is good news, the Market goes down, because everybody thinks that Interest Rates will be immediately lifted to take care of “potential” Inflation. That means that, essentially, we can never have a Great Market again, those Markets from the time when our Nation was building up, and becoming great. Strong Markets, even phenomenal Markets, don’t cause Inflation, stupidity does! I want my new Fed Chairman to lower Interest Rates if the Market is doing well, not destroy the Market for no reason whatsoever. I want to have a Market the likes of which we haven’t had in many decades, a Market that goes up on good news, and down on bad news, the way it should be, and the way it was. Inflation will take care of itself and, if it doesn’t, we can always raise Rates at the appropriate time — But the appropriate time is not to kill Rallies, which could lift our Nation by 10, 15, and even 20 GDP points in a year — and maybe even more than that! A Nation can never be Economically GREAT if “eggheads” are allowed to do everything within their power to destroy the upward slope. We are going to be encouraging the Good Market to get better, rather than make it impossible for it to do so. We are going to see numbers that are far more natural, and far better, than they have ever been before. We are going to, MAKE AMERICA GREAT AGAIN! The United States should be rewarded for SUCCESS, not brought down by it. Anybody that disagrees with me will never be the Fed Chairman!
It’s absolute idiocy to propose GDP will rise by 15 or 20 percent in a year. But it’s par for the course from an absolute idiot.
Trump Kennedy Center
Truth Social: THE TRUMP KENNEDY CENTER HONORS will be broadcast tonight, on CBS, and Stream on Paramount+. Tune in at 8 P.M. EST! At the request of the Board, and just about everybody else in America, I am hosting the event. Tell me what you think of my “Master of Ceremony” abilities. If really good, would you like me to leave the Presidency in order to make “hosting” a full time job? We will be honoring true GREATS in the History of Entertainment: Sylvester Stallone, Michael Crawford, KISS, George Strait, and Gloria Gaynor.
The center was named by Congress. Trump has no right to change it.
But yes, I would love to see Trump resign to be a talk show host.
Network Licenses
Truth Social: If Network NEWSCASTS, and their Late Night Shows, are almost 100% Negative to President Donald J. Trump, MAGA, and the Republican Party, shouldn’t their very valuable Broadcast Licenses be terminated? I say, YES!
This is exactly how dictators operate everywhere. If they don’t like the news, they shut the media down.
It’s a sad day in this country to have such talk be anything but universally blasted by all party leaders.
The Real Rule
Anyone who disagrees with Trump on anything will be ostracized, shamed, or primaried.
These are all actions of dictators or would-be dictators like Trump. Anyone who does not see this has a bad case of Trump Worship Syndrome TWS.
It’s disgusting, and frankly scary.
“At the request of the Board, and just about everybody else in America”
,…..nobody asked me.
-Miffed D
Merry Christmas everybody!!!!!
he’s going to appoint a guy that cuts to like 1% in a year. i am investing accordingly .
at least he’s being hoenst about it.
he’s appointing puppets loyal only to him. in a very real sense, he’s appointing himself.
The fed should not care about the stock market.
Sounds like another way trump can enrich himself
Breaking: President Trump desires next Fed Chair to have perspectives that align with his administration’s.
Dude- name me a single President since the Fed was founded that didn’t want a Chairman who shared their views.
What a stupendously stupid and ignorant post, wreaking of liberal desperation.
Stupid person defends stupid pedo… a story as old as time.
For those of us not in a psychotic state of worship, it’s fascinating to watch how depraved and wicked the lot of you have become
This is so far beyond liberalism vs conservatism, it’s like a parody
I’m sure you saw this Mish, David Stockman too is putting people, like Lacalle, on blast notice for agreeing with Trump’s stupid economics:
https://davidstockman.substack.com?utm_source=navbar&utm_medium=web
It has to be some form of Stockholm Syndrome, cause these people know better, yet join the cult, while ignoring all economic knowledge they have cause TWS.
https://davidstockman.substack.com/p/no-senor-lacalle-trump-didnt-make-933
Crap bad link to the article
Strong Markets, even phenomenal Markets, don’t cause Inflation, stupidity does!
Interesting…
Einstein thought stupidity is infinite. Explains many, many inexplicable things.
The means of payment money supply just increased by 1/2 trillion dollars. M2 didn’t move that much. But there was a massive shift from time deposits to demand deposits.
Time deposits have relatively low turnover rates. But demand deposits turnover is spectacular.
well we just found out our president watched a man kill his own 13 year old neice’s newborn baby on a yacht in lake michigan