Jerome Powell won.
Trump just blinked.
National debt interest payments will match and then exceed national revenue in the next decade. Probably much sooner.
Discussion
He blinked? What happened?
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Not sure I’d call it a blink.
Bent the knee sounds more accurate
I’m not a “He’s playing 4D chess!“ guy, but if 70+ countries have begun material negotiations, this could easily be a concession to keep it moving.
What I know is that none of us knows.
True. We are all speculating. I didn’t think Trump would pause tariffs until Powell committed to slashing interest rates. That seems like it’s out the window now.
But it’s a hoot to watch! *strokes signing devices lovingly*
Fair
So, you expect the Fed to slash interest rates still?
I didn’t before. Jerome fancies himself a god-king. Just like Trump.
Yes. I agree. He has publicly stated in the past he would not make the mistake of caving to an administration as he did in Trump’s first term.
It would be nice to live in a world on a Bitcoin standard. For now, we’ve got this shit.