from Zero Hedge just to piss off the lefties here. ================================================== A number of commenters suggested this was a bearish development as it might impact the independence of the Federal Reserve, but I disagreed: Firing a DEI Fed governor who flubbed her most famous paper and may have committed mortgage fraud is bullish. It shows America is tacking away from corruption and incompetence. A DEI Fed Governor For those unfamiliar with the Cook backstory, Jonatan Pallesen summarized it on X: Trump has fired Lisa Cook from the board of the Federal Reserve. This is great news, because Lisa Cook is an unqualified, inept diversity hire. Her publication record is thin, and focused mostly on racial issues, not monetary policy. As economist John Cochrane noted: "[In her publication] you will find essentially nothing related to monetary policy, monetary effects on employment, interest rates, inflation, financial regulation or other traditional Fed topics." She was clearly hired for DEI reasons, to be the first Black woman on the board. Worse still, she is not only unqualified but an unusually inept researcher. Her most publicized paper, published in 2014, claimed that Black patents declined in 1900 due to racial violence. But the decline had nothing to do with that. It was simply an artifact of her own dataset. ----- Explanation: Cook’s dataset included 726 inventors, compiled from several sources. The single biggest source was the 1900 World’s Fair, which showcased nearly 400 African American inventors. Crucially, that record ended at 1900. This meant her dataset was front-loaded: almost half of the data points came from a source that stopped at exactly 1900. Naturally, once that source ended, the data appeared to collapse. Instead of recognizing that this was an artifact of her own collection, Cook attributed the decline to racial violence and lynchings. Later, The Brookings institute looked at the number of Black patents, and identified ~50,000 patents over this same period, instead of the 726. And they found no significant decline around year 1900, proving that this was just an artifact of her data set. ----- This embarrassing blunder gave her a lot of publicity, and caused her to fail upwards, ultimately being hired for the important job in the board of the Federal Reserve. https://www.zerohedge.com/news/2025-08-26/good-riddance-lisa-d-cook
Trump sells and trades pardons for celebrity endorsements. Trump buys bonds than uses the office to force policy to profit off it
I am not a Biden supporter.I hate his fucking guts and he is the reason Trump is in office.I did not vote Democrat in 2024 because of him. You support Trump.
It's a very small part of his portfolio. If you diversify, something will always be going up while other assets go down.