I will write to Elizabeth Warren and ask how the knife sharpening is going. She will have ALL of them out for Kevin Warsh. We should watch that hearing, eh?
“…it’s mighty weird how all of these Epstein files people keep popping up in Trump’s orbit, no?”
Actually no. If it was random dudes across the country then yes, that would be weird. But when it’s businesspeople and financiers and politicians from among the people who move and shake and grift our nation, especially ones associated with the Grifter in Chief, then no, not so odd they are all fucking creepers.
The thing to watch is deregulation, which the Fed has no control over. But Trump does.
Watch the mortgage markets. As you see underwriting guidelines relax (lesser down payments, little or no credit checks, "quick" appraisals, etc.), then give it two years before a crash in the credit markets.
I'm sure some of that has already begun, so I'd expect 2028 to be a repeat of 2008 with respect to the credit markets (a shitshow, in case you're wondering).
If Warsh and the Fed have already cut interest rates drastically by then, they will not have the most important tool in their toolbox available to combat crashing credit markets and a collapsing housing market.
This is EXACTLY what happened in 1986-88, 1998-99 and 2007-2009.
The smart people - which now includes you - will either make money off this or at least protect what you have against the coming crash.
I am not an economist, but speaking as an economist I can say two things with confidence. 1) A prime rate of around 6% is no big deal after having lived through 15.5% and 2) Usury is a sin.
Ronald Lauder is the brains and the driving force behind Trump’s obsession with Greenland. And Warsh is married to his daughter.
Lauder even created a minerals extraction company to eventually mine Greenland.
He is asshole buddies with Trump since they both were at Wharton college at the same time.
This lucky sperm Ronald Lauder doesn’t know shit from shinola about mining. But he is the one who keeps pushing Trump on Green on and.
And he won’t be one of the grunts sent to Greenland to kill people.
Warsh is gung ho on all traditional Republican economic policies. Over the past decades, all of the worst economic collapses were the direct result of Republican policies. The 2008 financial collapse resulted in the vaporization of one third of American capital. And was an easily predictable catastrophe.
Years ago, I encountered someone who claimed that the subprime mortgage crisis was caused by socialist politicians strongarming the banks and preventing them from doing what they wanted. He said it went against "Natural Law" (and yes, he did capitalize those words) because that's how libertarians argue.
I got a kick out of "conservatives" who claimed the Community Reinvestment Act of 1978 (and its mid-90's update) caused the 2008 mortgage defaults and collapse.
Like, sure - people who didn't deserve loans in 1996 - 2000 got TONS of loans, made all the payments for six years, and THEN they all defaulted in 2007 because they never should have been lent money almost a decade ago.
Well, he wasn't that bad in 2008 to begin with:
https://arkominaresearch.substack.com/p/my-thoughts-on-kevin-warsh
I will write to Elizabeth Warren and ask how the knife sharpening is going. She will have ALL of them out for Kevin Warsh. We should watch that hearing, eh?
0) Convince the voters only billionaire businessmen can save the economy (from Dems/Biden).
1) Sell to cash.
2) Tank market values.
3) Take some write-off’s.
4) Buy up liquidations.
5) Leverage using prior high values.
6) Take out cash.
7) Buy more liquidations.
8) Sell high to suckers.
9) Buy islands, yachts, bunkers, and people.
Isn’t that the Republican way?
There is NO WAY Donald J. tRump could have written that post. Too many words and etc.
“…it’s mighty weird how all of these Epstein files people keep popping up in Trump’s orbit, no?”
Actually no. If it was random dudes across the country then yes, that would be weird. But when it’s businesspeople and financiers and politicians from among the people who move and shake and grift our nation, especially ones associated with the Grifter in Chief, then no, not so odd they are all fucking creepers.
Ta, Marcie. Chant with me: We the People are not distracted. epstein! Epstein!! EPstein!!!!
EPSTEIN!!!!!!!! E-P-S-T-E-I-N!!!!!!!!!!!!!!!!
Of course that scumbag is in the files.
The thing to watch is deregulation, which the Fed has no control over. But Trump does.
Watch the mortgage markets. As you see underwriting guidelines relax (lesser down payments, little or no credit checks, "quick" appraisals, etc.), then give it two years before a crash in the credit markets.
I'm sure some of that has already begun, so I'd expect 2028 to be a repeat of 2008 with respect to the credit markets (a shitshow, in case you're wondering).
If Warsh and the Fed have already cut interest rates drastically by then, they will not have the most important tool in their toolbox available to combat crashing credit markets and a collapsing housing market.
This is EXACTLY what happened in 1986-88, 1998-99 and 2007-2009.
The smart people - which now includes you - will either make money off this or at least protect what you have against the coming crash.
MORE EPSTEIN FILES !!!
"Be sure to warsh your hands before you eat"
"Things could get a lot warsh"
"Beware the back warsh."
"No one believed we'd be going to warsh with Denmark"
> He looks kind of like Marco Rubio before his soul was sucked out, leaving only a grey and dead-eyed husk behind.
I don't think that little Marco ever had a soul.
But he did! Just look at pictures of him before and after his appointment to the Cabinet. It's AMAZING.
It might have been a rotten soul but at one time, he definitely had a soul.
I am not an economist, but speaking as an economist I can say two things with confidence. 1) A prime rate of around 6% is no big deal after having lived through 15.5% and 2) Usury is a sin.
Did you know that you could lay every economist in the world end-to-end and they'd never reach a conclusion?
Thanks, I'll see myself out.
Muslims agree with you. No interest at all any time. Sharia Law, what is it?
( The 'sin' only matters to believers, and therefore doesn't matter )
"...set to expire in May" would be the most beautiful words if applied to Shambles.
Well, the circle closes.
Ronald Lauder is the brains and the driving force behind Trump’s obsession with Greenland. And Warsh is married to his daughter.
Lauder even created a minerals extraction company to eventually mine Greenland.
He is asshole buddies with Trump since they both were at Wharton college at the same time.
This lucky sperm Ronald Lauder doesn’t know shit from shinola about mining. But he is the one who keeps pushing Trump on Green on and.
And he won’t be one of the grunts sent to Greenland to kill people.
Warsh is gung ho on all traditional Republican economic policies. Over the past decades, all of the worst economic collapses were the direct result of Republican policies. The 2008 financial collapse resulted in the vaporization of one third of American capital. And was an easily predictable catastrophe.
It looks as though things will get Warsh before they get better.
Will the Epstein Files allow MAGAtts to Warsh their dirty linen?
served between 2006 and 2011
And if that's not an endorsement right there, I don't know what is!
Years ago, I encountered someone who claimed that the subprime mortgage crisis was caused by socialist politicians strongarming the banks and preventing them from doing what they wanted. He said it went against "Natural Law" (and yes, he did capitalize those words) because that's how libertarians argue.
I got a kick out of "conservatives" who claimed the Community Reinvestment Act of 1978 (and its mid-90's update) caused the 2008 mortgage defaults and collapse.
Like, sure - people who didn't deserve loans in 1996 - 2000 got TONS of loans, made all the payments for six years, and THEN they all defaulted in 2007 because they never should have been lent money almost a decade ago.
That's the ticket!