Powell’s calm patience, ignoring constant calls to lower interest rates, pulled us through the post pandemic inflation, leading America to have the quickest and highest recovery of the developed world. But that doesn’t feed into the playbook of “Biden’s economy was the WORST in history”. So Dump will fuck everything up just to get back at Powell for not kissing the ring. We are in for a prolonged nightmare economically.
Do it coward. When he fires Powell (and he will) the economy will come crashing down around his shitty diaper. It may literally the only thing that might wake people up. Do it coward and lose the congress for another 30 years.
Grandma of alleged FSU gunman Phoenix Ikner calls his parents ‘rotten bastard people’ after deadly campus shooting
Susan Eriksen blamed her grandson’s father and stepmother, Sheriff’s Deputy Jessica Ikner, for turning the “sweetest kid” into an alleged ruthless killer, who claimed the lives of two and wounded five others when he used his stepmom’s former service pistol to open fire on the Tallahassee campus Thursday afternoon.
“They taught him how to hunt, they’re bigoted people, they hated a lot of people,” the 79-year-old grandma told the DailyMail.com at her condo in the Florida capital Friday.
Agree with all except why T suddenly is desperate for lower rates: everyone who knows Trump over the years says he thinks the stock market IS the economy. Trump can read headlines or more likely see the biz news on TV. He knows the market is crashing day after day with each rally fizzling out. Then came the bond market scare, which was doubtless brought to his attention. (BTW: German bonds rallied as folks fled the US 10 year T Bill, usually the world's premium credit.) Trump knows he is in trouble with the economy, and that the money class is getting pissed off fast. So in my opinion, he is looking for the Fed to bail him out of his trouble.
Reminder of T's attitude to debt: in his first term he was in conversation with Gary Cohn, who was expressing budget concerns": T's reaction: 'Just print the money'
When the Taj casino went bankrupt for the final time, it was paying a million dollars a day interest on the junk bonds T had tied around its neck, each time extracting a fee for doing so. T is likely genuinely puzzled why Powell doesn't want to do the same for the USA.
'AFTER us the deluge Jerome, so why worry about it now and spoil the party' ?
Please observe a silent moment for Mitch McConnell. All those years of maneuvering, cheating, lying, breaking rules, and hypocrisy to stack the Supreme Court, and now? Now Sir won't even listen to them. (Sad Face Emoji).
Or so we have been lead to believe. He reminds me of the movie The Blob. Something rising from black muck. I prefer to think that is the real origin story.
“I’m a genius and nobody knows markets like Donald Trump and I’m the president so you have to do what I say and wah wah wah, babby go boom-boom in his diap-diap!”
It never ceases to amaze me how the Fulvous Fuckwad has such a sound understanding of business, finance, and the economy. His bought and paid for diploma from Wharton is righting the capsized ship of the US economy fucked up by Sleepy Joe and his shepherding of inflation to a soft landing.
-----
Powell, however, understands real economic principles like “trade wars aren’t really something anybody wins” and “tariffs are a tax on the American people, which will cause them to limit their spending, thus slowing down the economy.”
OTOH, Powell is a hack without a degree from Wharton, legitimate or store-bought. His background in Finance is shaky at best and likely will be disastrous for the US if he is left as Chair of the Board of Governors. Oh, wait...
> "Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012
...
Prior to his appointment to the Board, Mr. Powell was a visiting scholar at the Bipartisan Policy Center in Washington, D.C., where he focused on federal and state fiscal issues. From 1997 through 2005, Mr. Powell was a partner at The Carlyle Group.
Mr. Powell served as an Assistant Secretary and as Under Secretary of the U.S. Department of the Treasury under President George H.W. Bush, with responsibility for policy on financial institutions, the Treasury debt market, and related areas. Prior to joining the Bush administration, Mr. Powell worked as a lawyer and investment banker in New York City.
In addition to service on corporate boards, he has served on the boards of charitable and educational institutions, including the Bendheim Center for Finance at Princeton University...." https://www.federalreservehistory.org/people/jerome-h-powell
-----
"The ECB [European Central Bank] is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down"
I call bovine scat:
* Oil prices are down, in part due to Mooseballs Mussolini's tariffs, but they are also down due to an increase in oil production by OPEC (the law of supply and demand).
* Food prices "(even eggs!)" are *not* down, nor are they trending downward:
> "USDA’s Economic Research Service expects food prices to increase again in 2025, but at a slower rate than previous years.
Overall, food prices are projected to increase by 3.4% this year, compared to the 20-year average of 2.9% and the below-average increase in 2024 of 2.3%.
“In 2024, prices largely stabilized as many of the residual effects from the pandemic and global conflicts had receded[]”
> "While prices of fruits, vegetables and dairy products either increased or decreased depending on the location, eggs, meat and poultry soared almost unanimously, reaching over 9% or higher than just a year before....
...
Egg, meat, poultry, and fish prices increased by 9.8% in the Los Angeles metro area.
...
The Boston, MA metro area had a decrease across all food at home of 0.7%, driven primarily by fruit and vegetable prices (-6.1%) and dairy products (-1.9%). Meat, poultry, fish and eggs still increased by 5.7%." https://smartasset.com/data-studies/grocery-prices-2025 [Please see chart at link; eggs, meat, poultry, and fish are up in all twelve metro areas reviewed.]
-----
The bottom line is that the Amber Ardipithecus ramidus and his top economic advisor and asshole buddy from Lollypop Park -- the DOGEbag-in-Chief -- are winging it in hopes that something positive will result from that sticking their noses in where they don't belong:
> "“If you cut the budget deficit by a trillion between now and next year, there is no inflation,” Musk said. “And if the government is not borrowing as much, it means that interest costs decline. So everyone’s mortgage, their car payment, their credit card bills, anything, their student debt, the monthly payments drop. That’s a fantastic scenario for the average American.”
Powell’s calm patience, ignoring constant calls to lower interest rates, pulled us through the post pandemic inflation, leading America to have the quickest and highest recovery of the developed world. But that doesn’t feed into the playbook of “Biden’s economy was the WORST in history”. So Dump will fuck everything up just to get back at Powell for not kissing the ring. We are in for a prolonged nightmare economically.
Ta, Dok. Government by illegal executive orders is really, really bad. Government by stochastic terrorism is worse.
Do it coward. When he fires Powell (and he will) the economy will come crashing down around his shitty diaper. It may literally the only thing that might wake people up. Do it coward and lose the congress for another 30 years.
Grandma of alleged FSU gunman Phoenix Ikner calls his parents ‘rotten bastard people’ after deadly campus shooting
Susan Eriksen blamed her grandson’s father and stepmother, Sheriff’s Deputy Jessica Ikner, for turning the “sweetest kid” into an alleged ruthless killer, who claimed the lives of two and wounded five others when he used his stepmom’s former service pistol to open fire on the Tallahassee campus Thursday afternoon.
“They taught him how to hunt, they’re bigoted people, they hated a lot of people,” the 79-year-old grandma told the DailyMail.com at her condo in the Florida capital Friday.
https://nypost.com/2025/04/19/us-news/grandma-of-alleged-fsu-gunman-phoenix-ikner-calls-his-parents-rotten-bastard-people/
Be brave, Mr. Tiddlywinks! Be brave!
Agree with all except why T suddenly is desperate for lower rates: everyone who knows Trump over the years says he thinks the stock market IS the economy. Trump can read headlines or more likely see the biz news on TV. He knows the market is crashing day after day with each rally fizzling out. Then came the bond market scare, which was doubtless brought to his attention. (BTW: German bonds rallied as folks fled the US 10 year T Bill, usually the world's premium credit.) Trump knows he is in trouble with the economy, and that the money class is getting pissed off fast. So in my opinion, he is looking for the Fed to bail him out of his trouble.
Reminder of T's attitude to debt: in his first term he was in conversation with Gary Cohn, who was expressing budget concerns": T's reaction: 'Just print the money'
When the Taj casino went bankrupt for the final time, it was paying a million dollars a day interest on the junk bonds T had tied around its neck, each time extracting a fee for doing so. T is likely genuinely puzzled why Powell doesn't want to do the same for the USA.
'AFTER us the deluge Jerome, so why worry about it now and spoil the party' ?
Please observe a silent moment for Mitch McConnell. All those years of maneuvering, cheating, lying, breaking rules, and hypocrisy to stack the Supreme Court, and now? Now Sir won't even listen to them. (Sad Face Emoji).
Every day I wonder how I became one of the losers, yet he became one of the winners.
Sorry, but no one has stopped him yet.
I really would like just one chance. They will kill me and that's ok.
Sir cannot be described as a "winner" by any baroque distortions of meaning. Cheating. Lying. Subverting. These are the things Losers do.
Agreed Hank. I meant that he gets his way. I certainly don't, not that I expect to.
As a person, he is just plain evil, and therefore a loser.
I expected more grief after I said that but only you picked up on it.
I am not sure Sir qualifies as a “person”. Apparently, though, Sir is someone’s “son”.
Or so we have been lead to believe. He reminds me of the movie The Blob. Something rising from black muck. I prefer to think that is the real origin story.
T’was Sir in his youth, bursting out of John Hurt’s chest…
That works too.
Pretty sure that asshole in the White House has been confusing treasury bond interest rates with Federal reserve core lending interest rates.
Krasnov will nominate Pete Navarro or some other equally unqualified dipshit, the rules be damned, and the Senate will rubber stamp him.
Barron would be perfect. He is very strong with computer and the cyber.
“I’m a genius and nobody knows markets like Donald Trump and I’m the president so you have to do what I say and wah wah wah, babby go boom-boom in his diap-diap!”
It never ceases to amaze me how the Fulvous Fuckwad has such a sound understanding of business, finance, and the economy. His bought and paid for diploma from Wharton is righting the capsized ship of the US economy fucked up by Sleepy Joe and his shepherding of inflation to a soft landing.
-----
Powell, however, understands real economic principles like “trade wars aren’t really something anybody wins” and “tariffs are a tax on the American people, which will cause them to limit their spending, thus slowing down the economy.”
OTOH, Powell is a hack without a degree from Wharton, legitimate or store-bought. His background in Finance is shaky at best and likely will be disastrous for the US if he is left as Chair of the Board of Governors. Oh, wait...
> "Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012
...
Prior to his appointment to the Board, Mr. Powell was a visiting scholar at the Bipartisan Policy Center in Washington, D.C., where he focused on federal and state fiscal issues. From 1997 through 2005, Mr. Powell was a partner at The Carlyle Group.
Mr. Powell served as an Assistant Secretary and as Under Secretary of the U.S. Department of the Treasury under President George H.W. Bush, with responsibility for policy on financial institutions, the Treasury debt market, and related areas. Prior to joining the Bush administration, Mr. Powell worked as a lawyer and investment banker in New York City.
In addition to service on corporate boards, he has served on the boards of charitable and educational institutions, including the Bendheim Center for Finance at Princeton University...." https://www.federalreservehistory.org/people/jerome-h-powell
-----
"The ECB [European Central Bank] is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down"
I call bovine scat:
* Oil prices are down, in part due to Mooseballs Mussolini's tariffs, but they are also down due to an increase in oil production by OPEC (the law of supply and demand).
* Food prices "(even eggs!)" are *not* down, nor are they trending downward:
> "USDA’s Economic Research Service expects food prices to increase again in 2025, but at a slower rate than previous years.
Overall, food prices are projected to increase by 3.4% this year, compared to the 20-year average of 2.9% and the below-average increase in 2024 of 2.3%.
“In 2024, prices largely stabilized as many of the residual effects from the pandemic and global conflicts had receded[]”
...
She said the increase is being driven by volatility for food at home (groceries) prices which are expected to increase by 3.3% in 2025, compared to just 1.2% in 2024." https://www.farmweeknow.com/profitability/food-price-forecast-up-3-4-in-2025/article_00d83496-f5e8-11ef-8455-db1b32a96cbd.htm
-and-
> "While prices of fruits, vegetables and dairy products either increased or decreased depending on the location, eggs, meat and poultry soared almost unanimously, reaching over 9% or higher than just a year before....
...
Egg, meat, poultry, and fish prices increased by 9.8% in the Los Angeles metro area.
...
The Boston, MA metro area had a decrease across all food at home of 0.7%, driven primarily by fruit and vegetable prices (-6.1%) and dairy products (-1.9%). Meat, poultry, fish and eggs still increased by 5.7%." https://smartasset.com/data-studies/grocery-prices-2025 [Please see chart at link; eggs, meat, poultry, and fish are up in all twelve metro areas reviewed.]
-----
The bottom line is that the Amber Ardipithecus ramidus and his top economic advisor and asshole buddy from Lollypop Park -- the DOGEbag-in-Chief -- are winging it in hopes that something positive will result from that sticking their noses in where they don't belong:
> "“If you cut the budget deficit by a trillion between now and next year, there is no inflation,” Musk said. “And if the government is not borrowing as much, it means that interest costs decline. So everyone’s mortgage, their car payment, their credit card bills, anything, their student debt, the monthly payments drop. That’s a fantastic scenario for the average American.”
...
“That would be a roughly 4% of GDP cut to federal spending, all in one year,” said Michael Linden, a senior policy fellow at the Washington Center for Equitable Growth. “It would be an instant recession.” https://apnews.com/article/trump-inflation-tariffs-prices-consumer-50c4738216756499c8cdc17ab77d6d4f
fnord
I'm sure Paul Volcker is rested and ready tp come back and raise our interest rates by 137% to break the resulting 10 years of runaway inflation.
Yeah, I noticed Trump™'s wording as well.
"His termination can't come soon enough" is like a mafia boss's command.
No fish is stupider than the convicted felon. I think the least tardigrade could beat him at tic tac toe.
Bush destroys the economy, Obama resuscitates it.
Trump destroys Obama's economy, Biden resuscitates it.
Trump destroys Biden's economy, and blames Jerome Powell.