Fed cuts interest rate by half a percent
Trump: More cuts!
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US PoliEra 2020 |OT 3| "I think he's learned his lesson" says The Concerned Immoderate Darling Collins.
- Thread starter TheHunter
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Trump: More cuts!
At some point, yeah. When that happens is the question. And we see that Trump will do whatever it takes to artificially pump up the markets so that doesn't happen before the election.
Which will only make it worse when the recession actually does hit
We're being incredibly stingy with tests. Would like to know why don't have that many to go around.
Whenever the Chinese debt bubble pops it's gonna get real ugly
I'm kind of worried that this rate cut is only going to shake the markets more - consumer spending and wages were up the last two months and unemployment is still at a record low, demand hasn't dissipated, the fuck are they cutting for? Really vouching for the health of the economy there.
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It's a house of cards man.
They're just juicing the market on horseshoes and bullshit.
Alayna Treene on Twitter
“@MikeBloomberg Bloomberg got visibly frustrated as reporters pressed him on whether he’ll drop out to unite with other moderates behind Biden: “Joe’s taking votes away from me! … It goes in both directions. Have you asked Joe if he’s going to drop out? .. I have no intention of dropping out"”
twitter.com
And as you say that, the S&P 500 is now negative for the day lol
house of cards indeed
They're juicing the markets enough to get Trump reelected. Economy might collapse in 2021 or 2022, but worth it for an extra SCOTUS seat to fuck over voting rights even more.
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If it keeps going down...we'll get a recession just from confidence loss.
Lol sanders should be pushing hard for bloomberg to stay in the race. Bloombergs ego has a high chance of handing sanders the nomination.
Market reaction so far isn't positive lol
they're sure trying though!
You may well be right.
Alayna Treene on Twitter
“@MikeBloomberg Bloomberg got visibly frustrated as reporters pressed him on whether he’ll drop out to unite with other moderates behind Biden: “Joe’s taking votes away from me! … It goes in both directions. Have you asked Joe if he’s going to drop out? .. I have no intention of dropping out"”
On the plus side, Bloomberg is an egomaniac who may not drop.
Can this virus break the spell over the cult?
I mean as far as crisis goes this might be the first one that can hit his base in a meaningful way when it comes to day to day life
Im choking on the irony of this statement as I type it btw
I don't think Bloomberg would push for a Biden presidency anymore than he would for a Bernie presidency.
He is bizarre arrogant and I think he actually believes he should be president, nobody else.
He is bizarre arrogant and I think he actually believes he should be president, nobody else.
This is a wild take. He would be considerably less rich under a Bernie administration. Bloomberg ultimately cares about his money and would much rather have Biden win.
The thing about shade is you actually have to be good at throwing it.
Hey, when this dude's lungs are filling up with fluid, maybe he can choke out a few words about how smart he was not to fall for the Democrat Coronavirus hoax before the pneumonia kills him. *shrugs*
Lemon, it's Super Tuesday.
That's what I was thinking. Could you imagine Bloomberg dropping out because Obama of all people told him to? No way.
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Except this time Warren has a moral imperative to nuke Bloomberg.
Amy/Pete was just childish cranky.
What does Bloomberg have to gain from outlasting Warren in this race? I realize he hates her for kneecaping his run and humiliating him in front of the entire world, but is he really petty enough to stay in and keep hemorrhaging money just to have the last laugh?
My run-on sentence is a little confusing, sorry. I simply think things like his "working class" tweet from the other day only helps embolden the twitter asshats, not that the he, himself, is using such language. I do think some of his official surrogates straddle the line way too close though.
He's worth $60bn. Sanders isn't going to make him considerably less rich, lol.
He's also 78 and has signed the giving pledge, so it's probably whatever to him.
I'm just saying, his recent quotes don't really make me believe that he's back Biden when all is said and done. His ego is rampant.
There is no excuse. They are intentionally trying to suppress the number of confirmed cases, and people are going to die as a result.
I don't think it's impossible that Bloomberg drops out after today. He might save himself the embarrassment with some bullshit excuse if he gets blown out despite his blatant political bribery. He'll probably endorse Biden to save face if he does. But I also think it's likely he stays in because, well, fragile, massive ego.
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Debt levels around the world are seriously unsustainable. We need a global debt restructuring so we can bring back normal interest rates.
The IMF has been silent about this growing issue for far too long.
Coronavirus now confirmed in my local area.
Part of the testing availability problem is that the test kits themselves were defective. We should be trying to get more from the WHO and others.
Part of the testing availability problem is that the test kits themselves were defective. We should be trying to get more from the WHO and others.
It will. It's an incredibly short-sighted idiotic attempt to keep the economy going for the sake of approval ratings....but that's no surprise given the insecure anti-science narcissist in the white house.
Apparently Pence was seen recently shaking hands and generally hanging out with some of the people infected in Sarasota. I wonder if we'll see a big difference in how the administration treats the virus if they become sick themselves, or if Pence would just be thrown under the bus.
The WHO has collated a bunch of protocols with easily available commercial reagents. The CDC trying to source their own kits was dumb AF and pretty nonsensical given the wide availability of these reagents (they're even produced by an American company lol)
If that's true, it would be right in line with that "Don't touch" NASA pic.
Oh crap, the market is down today. Time for another rate cut, even if it's only 90 minutes after the last one! What a farce. The Fed acted too soon, the market was already up big last couple of days. Now, if the market goes back to retest those recent lows, what will they do? The Fed is looking very political here. They lowered rates even as the China deal was about to be signed, because of trade disruption supposedly, then never took back that rate cut after the deal. Now this emergency half point cut, after six months of money printing too.
Now:
The Federal Reserve is cutting but must further ease and, most importantly, come into line with other countries/competitors. We are not playing on a level field. Not fair to USA. It is finally time for the Federal Reserve to LEAD. More easing and cutting!
Then (2016):
GOP presidential nominee Donald Trump told CNBC on Monday the Federal Reserve is doing what President Barack Obama wants by keeping interest rates low.
Fed Chair Janet Yellen and central bank policymakers are very political, and Yellen should be "ashamed" of what she's doing to the country, Trump said, adding the Fed is not even close to being independent.
By keeping interest rates low, the Fed has created a "false stock market," Trump argued in a wide-ranging interview in which he also talked about Democratic nominee Hillary Clinton's health problems.
Trump said rates are being kept lower to bolster Obama's legacy. "Any increase at all will be a very, very small increase because they want to keep the market up so Obama goes out and let the new guy ... raise interest rates ... and watch what happens in the stock market."
American savers are the worst hit by the Fed's easy monetary policies, Trump said. "The ones who did it right — they saved their money [and] they cut down on their mortgages, ... and now they're practically getting zero interest on the money."
www.cnbc.com
Now:
The Federal Reserve is cutting but must further ease and, most importantly, come into line with other countries/competitors. We are not playing on a level field. Not fair to USA. It is finally time for the Federal Reserve to LEAD. More easing and cutting!
Then (2016):
GOP presidential nominee Donald Trump told CNBC on Monday the Federal Reserve is doing what President Barack Obama wants by keeping interest rates low.
Fed Chair Janet Yellen and central bank policymakers are very political, and Yellen should be "ashamed" of what she's doing to the country, Trump said, adding the Fed is not even close to being independent.
By keeping interest rates low, the Fed has created a "false stock market," Trump argued in a wide-ranging interview in which he also talked about Democratic nominee Hillary Clinton's health problems.
Trump said rates are being kept lower to bolster Obama's legacy. "Any increase at all will be a very, very small increase because they want to keep the market up so Obama goes out and let the new guy ... raise interest rates ... and watch what happens in the stock market."
American savers are the worst hit by the Fed's easy monetary policies, Trump said. "The ones who did it right — they saved their money [and] they cut down on their mortgages, ... and now they're practically getting zero interest on the money."
TRUMP: Janet Yellen should be ‘ashamed’ of what she’s doing to the country
GOP presidential nominee Donald Trump tells CNBC the Federal Reserve is doing what President Barack Obama wants by keeping interest rates low.
www.cnbc.com
Now that's a headline
www.independent.co.uk
Woman who lost face in bear attack on why she’s now voting for Bernie Sanders
Exclusive: Allena Hansen of California still deals with hefty medical bills nearly 12 years after getting mauled
www.independent.co.uk
This is where I stupidly ask, we're the US, why the fuck can't we make our own and quickly?
Will be funny when Warren gets more delegates than him today. Let's see how he likes coming in fourth place out of four.
Last night I unsubscribed from Beto's mailing list and cited his endorsement as the reason in the comments. Can't imagine I was the only one.
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