Trump itching to fire the fed

Discussion in 'Politics' started by Here4money, Dec 22, 2018.

  1. Here4money


    Was thinking the exact same thing myself earlier today. I think the markets reacted by calling the bluff as mostly bluster....until it wasn't, right around August when the first tariffs on China were implemented....didn't start feeling it reel until a month later.

    I've seen the markets react late to news and not it fucks w/your decisions. Even seeing all the gains evaporate I still feel like there's a "bounce" I'll miss the moment I bail...even when logic was telling me GTFO as soon as tariffs became real.
    #21     Dec 22, 2018
    Overnight likes this.
  2. Overnight


    You and I are the same boat my friend, then. I have been not trading real for the simple reason that the market action is doing what I guess it did back in the heady volatility days of the 1990s as some have suggested it is doing now?

    The thing is, this market action feels disingenuous, because of Trump's actions. It all feels unreal for some reason. Even in 2007-2008, many folks "saw it coming" based on fundamentals.

    This time, we have a maverick who is causing a domino effect with his actions, and they change market momentum each day with his stupid Twitter posts.

    Or is it also part and parcel to how machine-reader algos are moving the markets? Remember when some Fed guy bespoke a dovish tone I think 3 weeks ago, and the markets reacted with glee (I recall it being a Wednesday) and drove up the intraday market by a couple percent? The day closed up well. Then Fed comes out with rate decision, and markets go "poopy!" And there was stuff in between also.
    #22     Dec 22, 2018
  3. Does Trump have the legal power to fire Fed Chairman in the first place?

    One strength of U.S political system is checks and balances on the president's power. Well, this is a strength when a president does stupid things that needs to be checked. It is a weakness when a president wants to do clever things but gets checked.

    Does a president like Donald Trump makes the system of checks and balances a strength or weakness? I have no right to comment since I am not an American. I am curious what Americans on this traders forum think about their president. Does he makes the system of checks and balances a strength or weakness?
    #23     Dec 22, 2018
  4. Here4money


    weakness since the executive gets to appoint judges and if they control the legislative by having a majority of cucks subservient, then checks and balances is meaningless.
    #24     Dec 22, 2018
  5. schweiz


    Now Americans should understand that, which is clearly not the case. They go the same road as Russia with Putin.

    They both use, manipulate, or ignore the laws, depending on what they see as the best solution for the moment.
    They both abuse patriotism as patriotism makes people do stupid things without thinking themselves.

    E.g: Russians are proud that they can live in very bad conditions as they are proud to be Russians. This patriotism is for them more important then a normal life. Living poor is for them the ultimate proof of patriotism.
    Trump does the same. Angry that jobs get lost to non Americans. Why is he then giving jobs to illegals?
    Since 2010, nearly 300 United States residents have applied or been referred for jobs as waiters, waitresses, cooks and housekeepers there. But according to federal records, only 17 have been hired.
    But he has also pursued more than 500 visas for foreign workers at Mar-a-Lago since 2010, according to the United States Department of Labor, while hundreds of domestic applicants failed to get the same jobs.
    #25     Dec 23, 2018
  6. qlai


    I don't agree. That's what Putin controlled media spits out. People who compare dictatorships with America clearly have not experienced the difference. If you stick your head out too much, you will get it chopped off. So maybe regular life vs. worse or no live. What would you chose?
    #26     Dec 23, 2018
  7. Russians are slaves and alcoholics.In 100 years there won`t be such a nation entirely.
    #27     Dec 23, 2018
  8. schweiz


    I never said that life in the USA is like life in Russia.
    What I wanted to say is that patriotism often leads to insane behavior. Russians are proud to have a bad life.
    Trump uses that patriotism too. Everybody should do what he tells if not they are no patriots.
    #28     Dec 23, 2018
  9. schweiz


    Wodka is essential to keep the people dumb and quite. That's why Putin forbid to raise the price of wodka, while all other products became much more expensive.
    Last edited: Dec 23, 2018
    #29     Dec 23, 2018
    fordewind likes this.
  10. qlai


    What happened to you, man? You are getting so synical! Remember the good old times when you contributed something? downloadfile.jpg
    #30     Dec 23, 2018