its gonna be a real test of how “independent” the Federal reserve is, because Trump wants rates slashed. he never pretends otherwise or defers to their pseudo-technocracy. he always uses his position to apply pressure to the Fed to return the US to the free money days.
on top of that, he is up the legislature’s ass about removing the debt ceiling game from the table while he’s in office.
if he gets both, I imagine it will be another redline scenario for securities growth and housing prices until some kind of subprime style lenders or other institutional speculators start folding from making crazy bets with all the free money.
until then it would be easy to spin that his bullying of the fed and Congress into a hot money cycle is “growing” the economy, though it would all be on cheap credit. reality never matters to anyone anyway, so the chuds aren’t going to care that it’s all going offshore and the libs are going to have no response but to predict doom and then act shocked when it arrives and the chuds successfully blame them for it.
personally, I am sort of looking forward to the Fed being exposed publicly as not independent at all and totally subject to bullying by the head of state. those assholes are the vultures of the world and I am tired of the theater that they make decisions independent of power.
TBF the debt ceiling is entirely about political theatre and has no bearing on inflationary pressures. The Republicans get to act like they’re tough on the deficit and wring sone concessions out, but the spending continues as usual. I think Trump just wants as few bureaucratic hurdles as possible so he can enact as many of his policy initiatives as possible. Pegging the ceiling to last the next four years means he’s not wasting half a legislative session on Republicans’ grandstanding.
its gonna be a real test of how “independent” the Federal reserve is, because Trump wants rates slashed. he never pretends otherwise or defers to their pseudo-technocracy. he always uses his position to apply pressure to the Fed to return the US to the free money days.
on top of that, he is up the legislature’s ass about removing the debt ceiling game from the table while he’s in office.
if he gets both, I imagine it will be another redline scenario for securities growth and housing prices until some kind of subprime style lenders or other institutional speculators start folding from making crazy bets with all the free money.
until then it would be easy to spin that his bullying of the fed and Congress into a hot money cycle is “growing” the economy, though it would all be on cheap credit. reality never matters to anyone anyway, so the chuds aren’t going to care that it’s all going offshore and the libs are going to have no response but to predict doom and then act shocked when it arrives and the chuds successfully blame them for it.
personally, I am sort of looking forward to the Fed being exposed publicly as not independent at all and totally subject to bullying by the head of state. those assholes are the vultures of the world and I am tired of the theater that they make decisions independent of power.
TBF the debt ceiling is entirely about political theatre and has no bearing on inflationary pressures. The Republicans get to act like they’re tough on the deficit and wring sone concessions out, but the spending continues as usual. I think Trump just wants as few bureaucratic hurdles as possible so he can enact as many of his policy initiatives as possible. Pegging the ceiling to last the next four years means he’s not wasting half a legislative session on Republicans’ grandstanding.