Bubbles, do you also think that the 'feud' between Trump & Powell is just theater for the sake of optics? I always thought that Powell is Trump's man & in some way or the other, on the team. Yes, he seemed a little nervous when Trump came to visit & all but that's kind of natural for anyone when the boss comes by. No? Of course, maybe Powell doesn't know it's just theater .....
Yes, he seemed a little nervous when Trump came to visit & all but that's kind of natural for anyone when the boss comes by. No?
Funny right? Powell was nervous but Trump was extremely cordial with him. I found that notable. I think he was nervous because he has to play this part that doesnt come easy to most people, kek.
Interest rate drops might come in multiple stages, possibly four total 1% cuts to get us down to around 1% fed target rate from 5% (or whatever it is now). Main loser in rate drop is Swiss/EU banks currently printing profits using rate arbitrage. Estimated 40% of benefit of higher US rates being collected directly by Swiss/EU banks (and likely more indirectly).
Powell will not be fired and interest rate will not be dropped until ECB is taken down and Trump forces EU to sign the trade deal.
Bubbles, do you also think that the 'feud' between Trump & Powell is just theater for the sake of optics? I always thought that Powell is Trump's man & in some way or the other, on the team. Yes, he seemed a little nervous when Trump came to visit & all but that's kind of natural for anyone when the boss comes by. No? Of course, maybe Powell doesn't know it's just theater .....
Funny right? Powell was nervous but Trump was extremely cordial with him. I found that notable. I think he was nervous because he has to play this part that doesnt come easy to most people, kek.
Someone else asked the same thing the other day. Here was my response
Interest rate drops might come in multiple stages, possibly four total 1% cuts to get us down to around 1% fed target rate from 5% (or whatever it is now). Main loser in rate drop is Swiss/EU banks currently printing profits using rate arbitrage. Estimated 40% of benefit of higher US rates being collected directly by Swiss/EU banks (and likely more indirectly).