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Eldrick Woods Waiting in the Wings for Fed Chairman?

Rexedgar

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Greenbeard

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Trump and Mnuchin are intentionally trying to tank the markets, right? There's no way anyone is actually this dumb, even in this administration. So what's the real game here?
 

Rexedgar

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Trump and Mnuchin are intentionally trying to tank the markets, right? There's no way anyone is actually this dumb, even in this administration. So what's the real game here?




What if this is all just random careening?
 

Greenbeard

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What if this is all just random careening?

C'mon, who announces, unprompted, they're calling up the banks to make sure they have adequate liquidity? These are either the dumbest people on the planet or these grifters are up to something.
 

Mycroft

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Trump and Mnuchin are intentionally trying to tank the markets, right? There's no way anyone is actually this dumb, even in this administration. So what's the real game here?

The real game here is this: The market isn't important. Main Street is. Everything Trump has been doing is focused on Main Street.
 

Rexedgar

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C'mon, who announces, unprompted, they're calling up the banks to make sure they have adequate liquidity? These are either the dumbest people on the planet or these grifters are up to something.


I just looked up the news....Mnuchin released a Tweet with an attached memo. I have no idea what is happening. Reports of a Trump/Nielsen meeting this afternoon, maybe a new “Acting” Secretary is in the works........
 

Greenbeard

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The real game here is this: The market isn't important. Main Street is. Everything Trump has been doing is focused on Main Street.

Markets are pretty important in our economic system, comrade.
 

Mycroft

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Markets are pretty important in our economic system, comrade.

Not as important as Main Street.

Look, economic policy has focused on Wall Street for more than 30 years and what have we gotten? A lot of rich speculators. A lot of rich multinational corporations. A LOT of rich politicians. And, a lot of Americans working low paying part time jobs with no wage growth. Trump is changing the focus.

Don't worry. Wall Street won't go away. It just won't be the focus anymore. When it comes to economic policy, Wall Street doesn't matter.
 

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Not as important as Main Street.

Look, economic policy has focused on Wall Street for more than 30 years and what have we gotten? A lot of rich speculators. A lot of rich multinational corporations. A LOT of rich politicians. And, a lot of Americans working low paying part time jobs with no wage growth. Trump is changing the focus.

Don't worry. Wall Street won't go away. It just won't be the focus anymore. When it comes to economic policy, Wall Street doesn't matter.

Tell that to Trump. He was bragging when it was high. Now that it is taking a dive, nothing.
 

Mycroft

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Tell that to Trump. He was bragging when it was high. Now that it is taking a dive, nothing.

He is correct not to take credit with this dive. The credit belongs to the Fed.
 

Mycroft

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