The why behind Trump wanting a Fed rate cut: Treason

Gray's Economy ^ | 5/6/19 | Michael Gray

[mgray]

Why is President Trump calling on the Federal Reserve to cut the rate by a full percentage point, despite the robust jobs number for April and the strong GDP report last week?

Wall Street and most economists can’t rationalize the demand and feel if the good data continues the next move by Jerome Powell may be to raise rates.

What the “experts” are missing in the equation is the unprecedented events that will take place in the second quarter of this year well outside of the economy.

What will investors do when the top intelligence officials from the Obama administration are indicted for spying on the incoming president? What does the Dow do when treason and/or sedition charges are brought against Democrats, some of whom are running for the 2020 presidential nomination?

These are such one-off events that no one can predict the financial impact to the markets.

[onedoug]

I’ll believe it when I see it.

[aynrandfreak]

Stop teasin’ me!

[Navy Patriot]

Welcome to Free Republic, Mike.

You can post the entire content of your blog on opening the thread, no need to excerpt.

I think that the Reserve is part of the treason as opposed to a resource willing to mitigate it's effects.

[Sergio]

Hmmm...this will be a post to refer back to should criminal charges be brought up.

[thinden]

Been asking myself the same questions.

There has to be volatility not seen before??

[JoSixChip]

What will investors do when the top intelligence officials from the Obama administration are indicted for spying on the incoming president? What does the Dow do when treason and/or sedition charges are brought against Democrats, some of whom are running for the 2020 presidential nomination?

Keep telling yourself that is going to happen, if it makes you feel better. But it never will actually happen. The gopE is fine with how things are and they will allow this POTUS harassment to continue until a establishment POTUS is back in office. The more things progress, the more the establishment, deep state or whatever you want to call them, gain complete control of us all. They control the media, the schools, the government safety net and for the most part elections. Any chance we ever had of stopping them has long since passed.

[Vendome]

mgray
Since Apr 22, 2019

“I could while away the hours,
Conversin with the flowers...If I only had a blog...”

[Harpotoo]

The Market will sky rocket.

[unlearner]

Hi, Mike.

Welcome to Free Republic.

Your blog About page has this: “Michael Gray is a business journalist for for a major metropolitan newspaper.”

You’ll notice a redundant “for” in it. I don’t see much content yet, but I did see you have a few articles for the New York Post.

For future reference FR is not a place from which to drive traffic to a blog. If you own the content you can post the entire article here. If you are syndicated and want to share an article, you can excerpt and link directly to a major publication like NYP.

Newcomers are reasonably viewed with suspicion. Most of us have been arguing online for conservative principles for many years. Those who waited until AFTER Obama are suspected to not be particularly conservative in principle, though Donald Trump brought a lot of support here from pragmatic conservatives. And there are some very young conservatives who are just now becoming politically engaged. We even have an occasional convert from liberalism.

Hope you’ll stick around and earn the trust and respect that a conservative-leaning journalist can expect to receive.

[Bon mots]

[Bon mots]

[hattend]

+1

[Religion and Politics]

That and FEMA tents and bullets?

[DoodleDawg]

So why no cut this last meeting? Well, the Fed can cut rates anytime it wants to. It does not have to wait for a meeting.

Well yeah it does. Rate changes are made only with a majority vote of the Fed Open Market Committee. That committee meets every six weeks.

[thinden]

The Market will sky rocket.

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I could see a scenario similar to election night....or last night??

[AustinBill]

Interesting theory, but the counterargument is that you don't fire your ammo until after you need to counteract a market shock. Cutting now in advance of a "potential" shock wouldn't work and would more likely spook the market into thinking that the Fed knows something so dire about the economy that it would take such unprecedented preemptive action.

Personally, I believe any "indictment shock" would be very short lived to be followed by a genuine boom once people realize that the Rule of Law is being reestablished.

[norwaypinesavage]

"Anyone of these reports would have the capability to knock the legs out from under the markets."

Why???? Only an idiot would think that. Jailing a bunch of Socialists wouldn't do anything but raise the markets.

[metmom]

They sure are desperate to find or make something up to impeach him for.

[thinden]

Interesting theory, but the counterargument is that you don’t fire your ammo until after you need to counteract a market shock. Cutting now in advance of a “potential” shock wouldn’t work and would more likely spook the market into thinking that the Fed knows something so dire about the economy that it would take such unprecedented preemptive action.

Personally, I believe any “indictment shock” would be very short lived to be followed by a genuine boom once people realize that the Rule of Law is being reestablished.

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making sense AB