Stock Market Rout Has Trump Fixated on Fed Chair Powell

By artappraiser on Mon, 12/24/2018 - 11:12am |

As stock markets decline, President Trump increasingly has fixated on blaming one man: Federal Reserve chairman Jerome H. Powell.

As for the markets, well, they're worried about Mr. Trump.https://t.co/FNzEaubfQp
— Binyamin Appelbaum (@BCAppelbaum) December 24, 2018

URL:

https://www.nytimes.com/2018/12/23/us/politics/fed-chairman-trump-jerome-powell.html

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Every time the Fed raises rates, Trump’s payments on some $340 million in variable-rate loans go up https://t.co/j8pHHlADCB
— Bloomberg Politics (@bpolitics) December 22, 2018

Edit to add: I don't think this is just about money and self-interest, the more important takeaway is that he can only understand business through his own selfish perspective, he has no big picture understanding. Likewise in the past, instead of figuring out how to succeed in failed business in the U.S., and the banks will no longer lend to him, he moves on to another mark, doing deals in Russia or wherever.

This is not assuring to other investors, as there is no there there. If they could figure out his economic theory, they could play it. But one cannot do that, because there is none.

by artappraiser on Mon, 12/24/2018 - 11:23am

Good one:

You fired the dovish Yellen because you just had to stick it to Obama. Stop your belly aching. https://t.co/HBlrxCl1Oc
— Iskandar (@Napsterrific) December 24, 2018

by artappraiser on Mon, 12/24/2018 - 1:04pm

"They don't have a feel for the market" https://t.co/Pd9apYWg2I
— Glenn Thrush (@GlennThrush) December 24, 2018

by artappraiser on Mon, 12/24/2018 - 11:15am

The fact that I don't play golf or watch it on tv makes it really hard for me to understand the Fed or the US economy.

by ocean-kat on Mon, 12/24/2018 - 3:15pm

Mnuchin cluelessness is also part of the problem now, too:

You might want to read this classic article before you issue any more press releases of this type.https://t.co/pIKzZwaNps
— Jason Zweig (@jasonzweigwsj) December 24, 2018

#ETTD https://t.co/i3bH88En3q
— Rick Wilson (@TheRickWilson) December 24, 2018

by artappraiser on Mon, 12/24/2018 - 11:26am

This is a helluva own goal from Steve Mnuchin. https://t.co/NmvXnN4zXM
— Ezra Klein (@ezraklein) December 24, 2018

by artappraiser on Mon, 12/24/2018 - 12:32pm

This is a slow-motion mini-crash, with a similar feel to October 87.. Except this time, at least, we are all about a a much less expensive market. 15x v. 29x. So much more about the outflows than then... https://t.co/pbDUpHkzTH
— Jim Cramer (@jimcramer) December 24, 2018

I am pumping out pieces left and right at https://t.co/7VCNyzf5H4 and https://t.co/2Cj9QmVLog - i have no choice. I am making these pieces on https://t.co/7VCNyzf5H4 free for trialers https://t.co/YxjfghKhFm
— Jim Cramer (@jimcramer) December 24, 2018

by artappraiser on Mon, 12/24/2018 - 12:14pm

the WSJ published @ 7:41 pm Christmas day:

Former top econ officials have approached the White House about Trump’s tweets and governing style, warning that his behavior is a reason for the stock market downturn. On Xmas Day, 1 former GOP Treas official told Mnuchin to advise Trump to rein in tweets https://t.co/54ZavYdnJv
— Peter Nicholas (@PeterWSJ) December 26, 2018

by artappraiser on Wed, 12/26/2018 - 12:18am

Financial Times forty minutes ago:

Unease lingers in Asia markets after Mnuchin remarks https://t.co/zr2VdnJDuz
— Financial Times (@FinancialTimes) December 26, 2018

by artappraiser on Wed, 12/26/2018 - 12:22am

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