President Trump: The NEW one and only politics thread

heyabbott · Dec 24, 2018

Starman said: ↑

Daddy needs Ivanky to tickle the toadstool
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Wow what a pathetic piece of shit. Fucking loser. His wife and his alleged young son, who he never sees will not spend Christmas Eve with demented Donnie.

Starman · Dec 24, 2018

The Big Ragu said: ↑

The treasury doesn't control the money supply. The Federal Reserve does. Steve Mnuchin has as much as ability to create credit (or expand the money supply) as you or I do. Now if you wanted to tell me that Mnuchin somehow has Jay Powell and his merry band of monetary mandarins in his back pocket, maybe you'd be onto some hidden conspiracy. But Mnuchin is getting chewed out daily by an orange moron precisely because Jay Powell has been decreasing the money supply (after 9 years in which they created a massive and reckless amount of credit with their actions) by slowly continuing to raise the Fed Funds rate and continuing with letting $50 billion of expiring maturities a month roll off the massive balance sheet the Fed spent 9 years building. In the scheme of things, they are moving at a snail's pace. But our markets got so addicted to their crack cocaine that even a small withdrawal is causing a freak out.

The Fed actually is the problem. But the problem was how much mispriced credit they flooded the economy with for 9 years, and how that money was misallocated because they destroyed all price discovery in our markets. Everyone loved the phoniness while they were creating the fantasy. Guess what, it came with a price to pay. Even with the Fed Funds rate where it is, it is still hundreds of basis points below whatever the neutral rate would be. Money is still free in real terms. But that isn't good enough anymore, because they, in all of their wisdom, created distortions across our economy.

One result of what they did was that they blew bubbles in all kinds of risk assets, including US equities. What you have seen in the last few weeks is nothing. Our equity markets are still way overvalued. This is what happens when you price fix the cost of money for nearly a decade to encourage excessive debt levels. But concentrating on just the stock market right now is missing the point. Credit spreads are blowing out, and the end of the road is a credit crisis. That is where the real damage to our economy is lying. And it is an inevitability. People begging the Fed to step back in and distort the credit markets more by reversing course are asking for more of the same. It means an even BIGGER credit crisis when it ends. It's stupid beyond belief. They should have never kept rates in nominal terms pinned at zero for 8 years and done trillions of dollars worth of quantitative easing (bond buying). With every day, month, year they kept our markets distorted, and people were blindly happy because Netflix stock (as the company was borrowing insane amounts of money) was making new highs on the back of it, they were creating an even bigger economic catastrophe at the end of it. We should never have been sitting where we are today. But since we are, the smartest thing to do is swallow the medicine of the deleveraging that is coming sooner rather than later. Because trying to prop it up with even more debt, if they can even manage to get away with it at this point, means an even nastier deleveraging when the house of cards collapses on its own. What you are seeing right now is nothing. This is going to have severe global economic consequences.
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Blah blah blah blah, TL/DR

Mnuchin certainly does have the real-world ability (I'm sure there are dozens of rules, regulations and laws against it) to call up the Federal Mint and order them to print up a million $1000 bills a day, load them in a step van, and ship
them to Uncle Vlad's Stor-a-Units in Moscow.

And run off a few duffel bags for Daddy Dumpf and the kids too. Just for pocket change. Ho Ho Ho!

Neutral Corner · Dec 24, 2018

goalmouth · Dec 24, 2018

The market showing WH who's really in charge.

Bud_Bundy · Dec 24, 2018

Does McDonald's deliver on Christmas or will Fucko have to warm a dozen up in the microwave?

I finally figured out why he is so hell bent on that damn wall. It's the only way he'll get an erection again.

garrow · Dec 24, 2018

Bud_Bundy said: ↑

Does McDonald's deliver on Christmas or will Fucko have to warm a dozen up in the microwave?

I finally figured out why he is so hell bent on that damn wall. It's the only way he'll get an erection again.
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Neutral Corner · Dec 24, 2018

Israel’s Government Collapses Amid Corruption Charges and Trump’s Mideast Chaos

Israel set for early elections as Netanyahu's coalition dissolves Knesset - CNN

heyabbott · Dec 24, 2018

Neutral Corner said: ↑

Israel’s Government Collapses Amid Corruption Charges and Trump’s Mideast Chaos

Israel set for early elections as Netanyahu's coalition dissolves Knesset - CNN
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ISIS Man of The Year is Donald J. Trump

qtlaw · Dec 24, 2018

Fact check:

1. Trump is holding the budget hostage over his promise during the campaign to build a border wall with Mexico;

what is not mentioned:

2. He promised to build the wall AND MEXICO WOULD PAY FOR IT.

Facts matter. Let's remind everyone of all of the facts, not just the part that they like.

RickStain · Dec 24, 2018

The stock market is still not a scoreboard for the POTUS' job performance, just like it wasn't a year ago.

Getting out of Syria is the right thing to do, even if it's done in a clownshoes way. If the US doesn't want a power vacuum where Russia runs wild, it needs to support and take a backseat to European allies.

HanSenSE · Dec 24, 2018

Azrael said: ↑

disaster capitalism Ubu, off his rocker

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And as this board has proved time and time again, Trump is an expert when it comes to golf.

HanSenSE · Dec 24, 2018

RickStain said: ↑

The stock market is still not a scoreboard for the POTUS' job performance, just like it wasn't a year ago.

Getting out of Syria is the right thing to do, even if it's done in a clownshoes way. If the US doesn't want a power vacuum where Russia runs wild, it needs to support and take a backseat to European allies.
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He claimed the Dow as his when it was up. He has to own it when its down.

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President Trump: The NEW one and only politics thread

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President Trump: The NEW one and only politics thread

heyabbott Well-Known Member

Starman Well-Known Member

Neutral Corner Well-Known Member

goalmouth Well-Known Member

Bud_Bundy Well-Known Member

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Neutral Corner Well-Known Member

heyabbott Well-Known Member

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