“We can grow at 15 percent. I think more than that,” says Trump
Trump Blames His Treasury Secretary
Trump: “I made a mistake. My Secretary of Treasury [ Steven Mnuchin] wanted him [Powell] so badly. You know, I didn’t feel good about him [Powell]. But sometimes you listen to people. It was a mistake. It was really a big mistake.”
Trump: “But I think we are going to do something that’s really spectacular. We should be at 15 percent. If our new head of the Fed, and I think he’s going to be great, he’s a really high-quality person, but if he does the job he’s capable, we can grow at 15 percent. I think more than that.”
Any bets on that?
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It will be interesting to see how fast Trump turns on Warsh. And this time Trump will not have anyone else to blame (except of course Biden and Obama).
BANK DRIVETHROUGH UNDER TRUMP’S 15% GDP
https://positivenegativeimpact.com/wp-content/uploads/2020/12/2880e3f3048407aa1282360383a74d74.jpg
Anything is possible once we free America from Arabic numerals.
With the US’s Chinafication of data it can be exactly what their political agenda dictates, just make it up. So yes, we can surpass 15%. 😉
Thanks to hedonic and imputed values, the US GDP is already grossly overstated, a work of fiction.
Why not 150%? That is so much bigger than 15%! Trump knows big numbers, but they should be far bigger
Lending by the banks is inflationary. Lending by the nonbanks is noninflationary (other things equal). Drive the banks out of the savings business which doesn’t reduce the size of the payment’s system. The 1966 Interest Rate Adjustment Act is the paradigm.
lol even using nominal GDP there have only been nine times since WWII that annual GDP exceeded 10% – which includes the inflation years of 1973, 76, 77, 78,79, 81. The last was 1984 prior to 2021 covid rebound. In real terms, only once, 1951 at 10.6%
Yes but the potential for an astronomical GDP gets higher if you’re abusing Adderall.
For me, the comments miss the point.
“We can grow at 15 percent. I think more than that,” sounds to me like we will have a glorious crash. And as I have heard Mish say “No one can predict the future.” – IDK when it will arrive it just seems shooting for 15% GDP growth is setting up for a serious downturn in markets.
Trump, like all presidents going back to JFK is a puppet for the global owners. That much should be clear to everyone by now. While there are some exceptionally bright and good-hearted people on planet earth, in general, the average person is a moron. With 8+BILLION people all competing for the resources required to maintain a decent standard of living, WAR is coming. Hedge accordingly.Don’t get mad, it not personal, its simply MATH and PHYSICS. Something that American kids are not taught anymore.
By definition, half the people have an IQ below 100. That is, half the people are closer to clinical idiocy than to intelligence. Guess whose vote the politicians crave for?
This will be easy for trump, he’ll just change the way GDP is calculated.
Move that decimal, only the commie leftists need to suppress king decimal point
Trump doesn’t need to fool you, he just needs to fool the most stupid and gullible folks on earth (his voters.)
Larry Kudlow is another brown nosing Trump sycophant.
Has his nose so far up Trumps ass that he can smell Bibi’s cum!
larry was a coke head when he was at bear stearns. i used to see him around gotham, lecturing us wall street, traders and brokers……i always LOL for the past 35 years at that clown. he cracks me up. like all the assholes i know that thought raygun was a conservative. how the fuck can grown men be so fucking stupid, is a question i have asked since i was about 15.
Not that Larry was the only one on the street very caught up in coke back in the day but yeah, he was pretty bad. But like the rest of the grifters, he knows what to do to get the benjamins.
we had stock broker, heroin addicts, shooting up in the old EF HUTTON branch………back in the day.
A former 60s radical, sds.
May as well stick with Tried and True: BLAME EVERYONE ELSE BUT HIMSELF. I know TONS OF MEN like him.
BINGO
vote YES/NO
if trump knows what nominal gdp, deflator , etc
it is 101 macroeconomics.
usa deficit 2.5 trln$
PRINT 10 TRLN MORE . and it is going to be 15% NOMINAL
15% real or nominal?
15% bigly.
Mish: if GDP – money supply x Velocity then he can increase GDP by printing like mad.
Do you see that happening?
=Velocity
how can you measure Velocity ?
IS THERE SOMEWHERE HOLE in ground where all money goes in and out?
so you can measure
another BS metric nobody actually has use of.
Under the G.6 release, all the demand drafts drawn on DFI’s cleared through DDs – except those drawn on MSBs, interbank and the U.S. government
That’s why they call it the payment’s system.
Deng Xiaoping the leader of China who brought them out of the dark ages after Mao wanted to quadruple the Chinese economy over the 20 year period from 1980 to 2000. His economic expert Chen thought he was crazy.
He was just starting from nothing so not a high bar but even quadrupling the economy in 20 years is only a 7.2% annual growth rate. A 15% annual GDP growth would quadruple the US economy in 10 years.
Sheer Fantasy.
He should really stay in his lane. Molesting under age women, screwing porn stars, grabbing women by the pussy. He’s good at that, math not so much.
Yes, fun with numbers. IT DOUBLED from ONE to TWO!
“Marrying porn stars.”
FIFY
Warsh will absolutely hit whatever number the pudgy little hand holding the sharpie scribbles into the report.
Haha madoff only promised 14
Difference is, he delivered, for a while…
I SPOKE to madoff once. he sounded like the deli guy i ordered my pastrami hero from.
Haha thank you Mish Mike Shedlock we all needed some laughter call me skeptical but he will only be capable of 14.9 percent
Der Swinenfuherer is only being modest… 1500% gains are coming!
Trump clearly means nominal GDP. That’s almost guaranteed.
THE NEW FED CHAIRMAN WURST IS IN EPSTEIN PEDERAST FILES. Makes sense to keep a nice tight leash on him. He probably gets off on the leash and abuse, too. Ancient eastern wisdom. Men who enslave other men, are enslaved themselves. Pederasts who abuse young girls and boys, abuse themselves.
If Trump wants 15% growth, then Powell is the best candidate. He was as sleepy as Joe Biden in controlling inflation.
Damn it.
So trump wants 15% inflation now.
ANCIENT WISDOM FROM PLATO AND SOCRATES………..the people are perfectly represented. democracy works. amerikans are assholes. 98% vote uniparty blue and red. the 2% that vote green and libertarians are NOT such assholes. very simple. EVERYONE HATES THIS LITTLE TRUTH
the ones that don’t vote or don’t give a fuck, are even worse. they are pure nihilists. maybe masked in the veil and clothing of religious or pious or anarcho capitalist………
PURE NIHILIST: Anyone whom I think disagrees with me on something today.
I am an anarchist. I am not a nihilist–and I know what the word means.
SURE YOU ARE, KID
I can definitely see nominal gdp growth hit 15%!
The dumb dumpster fire that DJ Trump.
How f’g stupid. Just STUPID!
YOU CANT FIX STUPID AS TRUMP CONTINUES TO SHOW.
Trailer Park Don.
(Pardon the insult Trailer Park.)
As I think about it: If things start to run even warm the $ would crater as who wants to provide trillions when you know inflation will kill your investment?
Complete buyers strike just when we can not afford it.
I resemble that Remark. We live in a Trailer Park Part time. We are simply trailer trash.
“Mama always said ‘Stupid is as stupid does’” Forest Gump
trump is a pederast. he is our PEDOTUS. we are an evil empire. does it matter at all what he says. FREE JON CORZINE is the future of any powerful men in this evil empire, to be held accountable. the uniparty red and blue voters and their representatives approve of this message.
I would think it would be quite easy to produce 15% (or 100%) growth in nominal GDP – if you owned the printing press.
Shoot I made the same joke and you beat me to it.
Taco hasn’t a clue just talk, talk, talk………….back to his reality tv days.
We enjoyed that TV program. It was interesting. Well, also, we had a house in Snow country, with a Satellite Dish, and there was not else to do. One cannot be choose when it comes to TV programs. It is all MUCK.
“and there was not else to do”
Ever seen a book, just asking.
Warsh is in Epstein Giles, but key in the 2008-2009 bank bailouts.
Maybe he can write a book, The Creature From Epstein Island.
clever. best book on our 3rd central bank. i’ve been ranting for decades, that the FED has only one mission. to keep their owners, in high cotton. the FED is privately owned by the NYC big boy bankers. all the rest of it is poppycock. it is quite hilarious how many “intelligent” folks have no clue. they rant and rave about the idiotic dual mandate of the FED. it’s quite funny, really.
Exactly, and the American Bankers Association is public enemy #1
“Any bets on that?”
If we are talking nominal and not real GDP, I’ll take the bet.
Trump can have Warsh inflate the snot out of the money supply and we can reach 15% nominal easy.
And then the next president can slash the inflation “by as much as 400, 500, and even 600%” like Trump slashed drug prices. LOL
🤡🌍
bingo. winner. we will all be billionaires in a few years. a millionaire in 21st century is like a thousandaire in the 20th century.
Queue Twilight zone episode music…
I think Warsh can deliver 30% annual GDP growth. My plan is for the US to borrow 20 trillion dollars per year increased at a compounded 30% per annum. 😂
Future promises from Trump? Who would believe anything this guy says about the future under his guidance? The best one was “I can end this war with one phone call”. What a joke that was. 15% GDP growth? Maybe with -5% interest but then you would have 25% inflation.
And when it comes to math, I am surprised he didn’t say 150% gdp growth. He just has no concept of what these numbers mean and I don’t think he cares.
He will say anything if he thinks it will help him (not the country just him).
When it comes to the economy Trump is a human wrecking ball.
When Trump was supposed to be learning percentages in the fifth grade, he was skipping out and bullying first graders out of their lunch money or molesting second grade girls on the playground.
This is how he learned to fantasize out loud that a 1,500% lowering of drug costs was possible.
Who does Trump work for?
Trump’s boss is coming to visit next week. (Bibi)
Trump better put his golden kneepads on and lube his ass…
Bibi owns Trump…
“Who would believe anything this guy says about the future”
I wouldn’t believe anything this asshole says about the present.
Asked of trump “is it raining right now/” answer “yes, very hard”. Don’t worry you will not need rain gear.
This will be rich. A comment I posted on a previous thread:
“Here is what fiscal stimulus did for the last fiscal year.
2025 GDP $28.4 trillion
2025 GDP $27.8
difference $00.6 trillion
Deficit $ 1.8
For deficit spending of $1.8 trillion we got $600 billion in growth. Running a deficit is costing us in economic growth and increased debt servicing.
Cutting interest rates and increasing government spending is wrong headed, we need to cut spending below revenue. We can print our way out of this because debasing the currency debases the private sector tax base faster than the debt is debased or stated another way, tax revenues decrease faster than the deficit increases unless spending is cut below revenue. The longer congress waits, the more difficult to solve the problem.
GDP and deficit numbers from Copilot.”
Should have written, “we cannot print our way out of this”.
If fiscal stimulus was ineffective before and our fiscal situation is only worse now, why would one even pretend monetary policy could usher in 15% growth.
“It will be interesting to see how fast Trump turns on Warsh. And this time Trump will not have anyone else to blame (except of course Biden and Obama).”
Guaranteed he will find others to blame when he fails to get 15% GDP growth. Trump is a specialist at blaming others, whether politicians, economists, media, or his own staff members.