This is basically self inflicted, as usual messing up in the Middle East always ends up with consumer paying the price for their ruler's stupidity
"Oh no, my drinking water tastes like crap after I pooped in the well"
aurareturn 60 minutes ago [-]
This administration wants lower rates. Also this administration does everything it can to increase inflation such as tariffs and starting another endless war in the middle east.
1 hours ago [-]
mitxela 1 hours ago [-]
The government has fully lost control of the long-term Treasury yield - this is their attempt to bring it back under control.
I expect to see the president fire the Fed, nationalise it and make the rates negative, collapsing the economy.
senectus1 21 minutes ago [-]
well thats one way to get out of having to pay back your loans :-|
Incoming unhinged POTUS rants and demands in 3…2…1…
But you know what, I’m glad to see that the fed is still operating independently. The doomer in me thought they’d fold to Trump, especially right before the midterms.
defrost 6 minutes ago [-]
There appears to be more and more people throwing back against Trump; after the courts recently again said no to his need to plaster his name on the Kennedy Centre, he went a wailin' to his supposedly in pocket Kennedy Centre board:
But even that is not providing him comfort these days. Representative Joyce Beatty (D-OH), an ex-officio member of the Kennedy Center board and the member who sued over his takeover of the center, explained to Symone Sanders-Townsend of MS NOW that Trump called into the board meeting after the court decision and “went into a tantrum.”
While most people appear to have refused to confront Trump to his face—Maine governor Janet Mills’s “We’ll see you in court” was so rare it made headlines—Beatty took him on. She recounted: “It was the most unprofessional thing that I’ve ever witnessed or been a part of it.” But after he called her “an obstructionist” and “dumb” and said he thought she was “incompetent,” she retorted: “I know you’re incompetent.” Beatty appealed to the chair to stop Trump’s unprofessional behavior, but when he continued to berate her, claiming it would be her fault if someone were killed at the center, she responded: “You’re already killing people, we’re at war.” And when he talked about what a great developer he was, she “reminded him that he had more bankruptcies than anybody in the room.”
“I mean, it really went there,” Beatty told Sanders-Townsend. “I was not going to let him bully me, intimidate me. And the facts stand for themselves.”
Indeed, these days, facts across the board are challenging Trump’s image of himself.
The only reason we have to choose between inflation and expensive loans is corporate profits can't ever go down. It's perfectly possible to freeze margins and ban increasing prices unless a business proves their costs went up, but to enforce that you would need to a) have a competent administration and b) not be scared to piss off your billionaire donors.
Allowing stock buybacks and not taxing dividends heavily is a choice. Not breaking up monopolies is a choice. Inflation comes down to high oil prices and corporate greed powered by weak competition. Starting wars is Trump's fault. Subsidizing big oil instead of setting price controls is also his choice, as is doing everything he can to slow down EV adoption that would reduce demand.
1 hours ago [-]
Rendered at 07:57:38 GMT+0000 (Coordinated Universal Time) with Vercel.
"Oh no, my drinking water tastes like crap after I pooped in the well"
I expect to see the president fire the Fed, nationalise it and make the rates negative, collapsing the economy.
But you know what, I’m glad to see that the fed is still operating independently. The doomer in me thought they’d fold to Trump, especially right before the midterms.
Allowing stock buybacks and not taxing dividends heavily is a choice. Not breaking up monopolies is a choice. Inflation comes down to high oil prices and corporate greed powered by weak competition. Starting wars is Trump's fault. Subsidizing big oil instead of setting price controls is also his choice, as is doing everything he can to slow down EV adoption that would reduce demand.