Here’s the audio of this Wheels Up! segment with Bill Meyer over at KMED FM in Medford, OR. We talked about the Last Call and van life among other things. I’ll be on with Gard Goldsmith tonight at 7 east; hope you can join us!
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Who is this?
Good to hear comments from other listeners, makes it all real.
President Donald Trump is dangerous and possibly attempting to be some kind of dictator, his latest remarks concerning Fed chair Jerome Powell are alarming and reflect his lack of understanding how the Fed operates and how it is independent of political hacks like Ziohatchetman Trump.
The problem with Trump is that he is not smart enough to be a dictator, he is getting many things wrong which could sink his own ship.
Trump demands Powell lower rates when the Fed has no ability to force rates in either direction. The Fed buys and sells Treasury Bonds, Notes, Bills, repos. Interest rates are set by the market, if the statist government spends too much money, which is monetized by the Fed, the result could be inflation, which the market responds with higher rates. Fed fund rate is ALWAYS SET FOLLOWING THE MARKET, see these charts:
https://www.elliottwave.com/articles/fed-rate-cut-interest-rates-lead-and-the-fed-follows/
What Trump obviously wants is lower rates, but rates are very low right now by historical standards. Stocks and real estate are near all time bubble highs because of the very low rates a few years ago – and what Trump wants would cause the bubble to inflate even more, when it is already the biggest bubble in the history of the world.
What would lower rates is the government encouraging savings, deficit elimination, a stable dollar, trade. Trump took a hatchet to trade with China, our largest trading partner. This means all the dirt cheap stuff made in China we buy at Walmart and on Amazon is no longer cheap – we will be forced to pay much higher prices, especially with a 245% tariff.
If a widget from China costs $100, it now has a tariff premium of $245, and will now cost $345. IOW it won’t be sold, and that will force consumers to buy more expensive goods – but they don’t have more money – thus impoverishment of the common man is now here. Trump is making a deflationary depression happen. Meanwhile China is selling our Treasury debt, thus that may force interest rates up. Less buyers means higher rates.
With gold taking off like a bat out of hell, going vertical, the market is abandoning the dollar and losing confidence in El Trumpo the magnificent. Now add to Trump’s chaos and threats management style the Iran crisis, the Yemen war, the Ukraine debacle, and we could be looking at very dark times ahead – which is exactly what Brandon Biggs prophecized.
https://www.elliottwave.com/articles/the-fed-leads-and-the-market-follows-its-a-big-fat-myth/
Trump has a problem – he reads nothing – he surrounded himself with acolytes, a bunch or radical Ziocon hacks – thus it is very possible Trump will make huge mistakes costing him dearly.
They need to resurrect the Charger and the 300 sedans.