#FedThread
AND to further the angst and volatility - INSTEAD of saying that at the end of his term he will be stepping down... Powell goes OUT of his way to say:
I'M STAYING PUT. GFY
CPI cooler than expected up 0.2% m/m in January (consensus 0.3%) after increasing 0.3% in December. Core CPI was up 0.3% (consensus 0.3%) after increasing 0.2% in December.
#CPI was up 2.4% y/y v 2.7% in December
Core CPI was up 2.5% y/y v 2.6% in December.
#Inflation
#FedThread@BeckyQuick@SquawkCNBC@wsj@steveliesman@greg_ip@CNBC@SquawkStreet@andrewrsorkin
YOU ALL talk about this #affordability thing as IF it really is Trump's fault. Greg BRIEFLY says it was covid's fault but blames the companies for keeping the higher price margins. UGH
NO mention that housing crisis was created with the "NO EVICTION" policy where landlords HIKED rents etc 15% the second it ended in Sept 2021 and NEVER ROLLED THAT BACK EITHER.
REALLY the affordability issue is BECAUSE OF BIDEN'S 23% #ForeverInflation not because Trump took office 9 months ago.
Shame on all the horrid media
#FedThread
OK all - these old jobs # and especially the weekly claims show that this economy is not in the toilet, but as the Atlanta Fed predicts - 4.2% GROWTH.
What these numbers AGAIN PROVE as I have been saying for over a year:
WE DON'T NEED LOWER 10 YEAR RATE - WHAT WE NEED IS A FED RATE NORMALIZED TO A 4.3% - TEN YEAR RATE. The insane 0% rate MUST NEVER BE TALKED ABOUT AGAIN.
NORMALIZE NORMALIZE NORMALIZE to 3.25% Fed Rate and call it quits!
#FedThread
OK @pulte NOW you too are in the moronic 0% Fed rate camp too??? That's what got us into this mess to begin with. NOMRLAIZE rates at 3.25% to 3.50%.
0% 1% was NEVER normal. And as far as your "good for home builders" - well they are trading at ALL TIME HIGHS BECAUSE they keep building outlandish homes where cost does not matter.
@realDonaldTrump wants low rates to issue more bonds. Well right now the 10yr is at a VERY NORMAL 4.3%ish and that's where it should stay. Fed should get their rate to reflect THAT. NOT the other way around.
@MorningsMaria - please stop all this Fed garbage.
@realDonaldTrump@SecScottBessent u2
#FedThread
Shameful how everyone, including the bond market and financial media 😕 didn't seem to care about this deficit and how to pay for it when Biden's autopen was creating it
#FedThread
I just can't believe how much @SteveScalise pushed back on ENDING the Worldcom Era of getting paid in STOCK and the use of deferred cap gains.
He didn't want to raise rates on anyone... Jesus even Warren Buffett said that this was UNFAIR. People who get paid in stock as a form of INCOME should pay the SAME DAMN TAX RATE (35%ish) as a person who gets income in dollars... NOT 20%ish
THIS IS INSANITY.
Plus we all notice how he NEVER mentioned NO TAX ON SOCIAL SECURITY. Seniors get screwed again.
@andrewrsorkin@BeckyQuick@HouseGOP#ItsTheMentalityStupid
👉👉👉#QuasiBuffettRule👈👈👈
OK, so @SaraEisen tells us now that the reason NY had 15,000 unemployment claims was because teachers get to apply for unemployment because of Spring Break.
Seriously?
#FedThread
#FedThread
Kudlow, how can you tell @RandPaul that China markets is closed to us?
Apple sells there
Nike sells there
Starbucks sells there
KFC sells there
Cheniere sells LNG there
Etc etc
#FedThread
So with this truly insane vindictive 50% ADDITIONAL tariff against China... it is time for @tim_cook (as I have previously posted) to PAUSE his $500 BILLION investment and use it to BUY BACK STOCK AND HELP OFFSET THE TARIFFS.
Trump IS OUT OF HIS NAVARRO MIND!
“… The little publicised story this week: everyone wants to look at the stock market going down, and do you know what else went down? Oil prices went down almost 15% in two days, which impact working Americans much more than the stock market does …”
All of you that think having your net worth cut by 25% IN 2 DAYS or more is a good thing then GFU
This #CreativeDestruction that ahole Trump Vance Navarro are doing is a real farce. ALL of them are not fighting globalism, they are seekig revenge against the last 40 years of what people call globalism. WE NO LONGER LIVE ON AN ISLAND. we depend on others and others depend on us. YES America comes 1st but that does not mean OTHERS can't grow too.
What India EU China and all the rest have been doing with their tariffs is making sure THEY CAME 1ST. So according to trump - ONLY WE CAN COME 1ST. He's not looking for reciprocal - he's looking for vengeance - Vance the hillbillie even more so.
BTW - IF they were truly fighting globalism they would have OUTLAWED BITCRAP on day 1 - the ULTIMATE GLOBALIST TOOL. TikCrap too.
There were a million ways - I posted several in the #FedThread - to get to a TRUE reciprocal tariff... tearing it ALL down to get there WAS NOT ONE OF THEM.
Creative Destruction: Globalist term for basically what Mao Stalin did. Sound familiar?
cc @DavidAsmanfox@StephenMoore@charliekirk11@IngrahamAngle@RepMTG@marklevinshow
It doesnt work like that.
All of you that think having your net worth cut by 25% IN 2 DAYS or more is a good thing then GFU
This #CreativeDestruction that ahole Trump Vance Navarro are doing is a real farce. ALL of them are not fighting globalism, they are seekig revenge against the last 40 years of what people call globalism. WE NO LONGER LIVE ON AN ISLAND. we depend on others and others depend on us. YES America comes 1st but that does not mean OTHERS can't grow too.
What India EU China and all the rest have been doing with their tariffs is making sure THEY CAME 1ST. So according to trump - ONLY WE CAN COME 1ST. He's not looking for reciprocal - he's looking for vengeance - Vance the hillbillie even more so.
BTW - IF they were truly fighting globalism they would have OUTLAWED BITCRAP on day 1 - the ULTIMATE GLOBALIST TOOL. TikCrap too.
There were a million ways - I posted several in the #fedThread - to get to a TRUE reciprocal tariff... tearing it ALL down to get there WAS NOT ONE OF THEM.
#FedThread From what I hear from Powell,
Well he started to sound like he did NOT want to be political. I'm sure all the hate filed media will be pushing him to say we are heading for a recession and a collapse all because of Prez's tariff & immigration policies... they want things to tank so that the Prez will tank...
BUT as of now - Powell did not seem to want to go there. I was impressed - for now that is.
FOR moi:
1. On immigration - TFB - illegals, especially criminal ones have NO place in this Nation. If that is the labor We are expecting to keep inflation down, then Powell needs to go talk to the cartels.
2. On Tariffs - well I get what Prez is trying to do, NOT thrilled about it, but maybe it will work. I just hate the quickness and volatility he is causing with these dates and times.
IMO, Prez should keep the April 2 date BUT MAKE IT A PROPOSAL LAUNCH DATE, NOT AN IMPLEMENTATION DATE. Then give a 90 day discussion period, so that countries can discuss lowering theirs, businesses have time to make comments, and markets can adjust.
This "Creative Volatility" is NOT HEALTHY
But hey what do I know
So basically what I am hearing from Powell is that:
EVERYONE NEEDS TO COOL THIER JETS
The Fed is in a wait and see mode on what @POTUS is doing and the Fed has a lot of options either way.
The economy is still good, and they are seeing no issues as of now.
But then again Powell thought that Biden's inflation was transitory so.................................................
#FedThread@HalftimeReport
@elerianm😂 oil is up because Biden's #LawFare against @realDonaldTrump went from the Court room to the oil fields. This makes Powell's cuts less likely and INFLATION HIGHER. Russian sanctions 14 before he goes into oblivion? 🤬
#FedThread
cc @jonforttcnb.cx/4h7OUUE
#FedThread
so the more I listen to media all I hear is that the Fed is looking to keep rates higher for longer because they don't want tariffs or deportations.
NOT ONCE do I heat them talk about increasing supply from oil to housing.
all they can do is hope that Trump fails
And so NOW we get Fed heads with what I warned you about 3 years ago:
That the Fed maybe forced to throw us all into a depression in order to fix inflation.
I said it was SUPPLY & DC Policy not demand that was the cause... THAT HAS NOT CHANGED
#FedThread
Now that idiot is actually quoting Greenspan and Volker... 2 of the worst of the worst.
IS there any mention of SUPPLY? NO!!! Is there any mention that today's inflation is ALL Policy? NO!
Basically, just now he's calling for #VolkerMoment.
Who wrote this speech?? WH?
Well - large jobs in Dec. so what does the left wing Trump hating media (CNNBC) says:
It's ALL Trump's fault!
They are egging on the Fed to NEVER CUT AGAIN. Those Dec jobs are NOT high quality jobs, so NOW deporting low quality ILLEGALS is bad
ALL POLITICS
#FedThread