The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell’s termination cannot come fast enough!

  • Mee@reddthat.comOP
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    3 days ago

    I find it funny that Trump is super angry about one of the only people he cannot control… till now, no guarantee what will happen in the future.

    • CharlesDarwin@lemmy.world
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      3 days ago

      This is a very petty and vindictive little man we are talking about. I don’t blame Rosie O’Donnell for fleeing the country and trying to get an Irish citizenship.

      I don’t know if Powell has security detail, but he might want to look into finding one that is trustworthy.

  • TankovayaDiviziya@lemmy.world
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    2 days ago

    What many people do not realise, is that Nazi Germany was on the brink of another economic collapse due to Hitler’s rearmament and excessive government spending. The annexation of Sudetenland and going to war gave Nazi Germany the needed funds to keep the country going for awhile. Hjalmar Schacht, the economic minister, opposed the rearmament and warned the government of impending collapse but was sidelined. We are seeing that America is trying to repeat this with tanking stock market and a federal reserve director going toe to toe with the executive.

    • KMAMURI@lemmy.world
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      3 days ago

      They didn’t just accept it they enshrined it for all eternity even prior to the election.

  • FenderStratocaster@lemmy.world
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    3 days ago

    r/wallstreetbets is taking this seriously and like most of reddit and here, they are dooming hard. What they predict is the value of the US dollar goes to zero. I’m scared that my children will starve to death.