SAJ-99
Well-known member
All the time. But the press just keeps sticking a microphone in his face and he loves the attention, so reality TV will continue. The Don is just a mouthpiece. He certainly isn't the "brains" behind anything.
Anybody Buying Yet? Where’s the Bottom?
- Thread starter NEWHunter
- Start date
SAJ-99
Well-known member
Bessent says Trump is FOS and the market was wrong and everything is fine.
www.cnbc.com
'Absolutely not': Bessent shuts down report of potential U.S. currency intervention
Treasury Secretary Scott Bessent shut down reports that the U.S. may step into the currency market.
SAJ-99
Well-known member
Issuing $50,000,000 more common.
jryoung
Well-known member
Bonasababy
Well-known member
- Joined
- May 16, 2024
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- 1,387
Looks like we got a good indication of what the market thinks of Warsh on Friday.
SAJ-99
Well-known member
S&P futures were down over -1.5% on Sunday night and now up almost a 1%. Buy the dip remains in place, but it certainly wasn't retail buyers. There are not enough market degenerates up at 1am EST to change the trend that much. It's like the market doesn't think about Kevin Warsh at all. The good part is you can have a reaction, while the 2006 reaction was "who the flip is Kevin Warsh?". Also good, pundits can create whatever scenario they want for whatever asset they favor. I'm enjoying all the praise people are giving him. It is almost comical.
The only real takeaway out of the Kevin Warsh pick is that nepotism is the best career plan.
jryoung
Well-known member
His term is expiring, and Trump hasn't liked the actions from the Fed over the past year. Also behind closed doors has probably said the dumbest hire in the history of Fed Chain nominations.
SAJ-99
Well-known member
No. His term as Head of Fed ends in May. Warsh was named to give the markets a heads up. Stephen Miran temporary appointment ended yesterday, but I guess he stays on until Warsh gets approved as nominations are being held up by some republicans that found their spine after announcing they were not running again. Anyway, then Warsh would get Miran's position and get elevated to Head in May. Then Trump would need to name two to replace Miran and Powell (if he chooses to leave the Fed entirely, which he probably will) positions in May.
I’d run away if I were Powell but he could definitely F with Trump by finishing his term.
WSJ backed Warsh for what it’s worth.
SAJ-99
Well-known member
The WSJ is very Hoover-Insititutish, so it tracks. A good number of the Op-eds come from Hoover people. I note that the WSJ also supported the appointment of Powell in 2017 as a pragmatic choice that had more real-world business experience and less reliant on economic model-driven theories. This is why I laugh at the appointment of both Miran and Walsh. These guys are literally the definition of idealistic, model-driven economists. I wish him the best of luck. Being the punching bag of everyone and not being able to respond doesn't seem to fit his personality.
Bonasababy
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- Messages
- 1,387
When?
Warsh was named in the Epstein file release.
Trump’s Fed pick appears in Epstein files
Kevin Warsh’s nomination collides with a fresh release of Jeffrey Epstein records
www.mpamag.com
SAJ-99
Well-known member
Meh. Can't blame a guy for going to party for the rich in St Barts. It's part of the job description for Nepos. He certainly wasn't picked for his ability to relate to the plight of the common man.When?
Warsh was named in the Epstein file release.
Trump’s Fed pick appears in Epstein files
Kevin Warsh’s nomination collides with a fresh release of Jeffrey Epstein records
