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I hope so, but USD would then be 0.5 euro if this happens
Trump Era 2025-2029 : Stock and Economic Comment
- Thread starter Garpal Gumnut
- Start date
Dona Ferentes
Did the Thessalonians write back?
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19 years since your earlier posts... let's hope it's worth the wait.
thanks, i watch and learn19 years since your earlier posts... let's hope it's worth the wait.
Garpal Gumnut
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For a second there I thought it was 2045.
19 years since your earlier posts... let's hope it's worth the wait.
gg
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well just like the UK and Brexit ( which has been denied , now ) the US had to do something different , or it was more of the same ( but maybe faster )
the debt was huge , the 'economy ' was fiction
all terribly educational to watch , and since i had no dream of 'going to America ' even when i was invited to .
all i have to do is navigate the contagion and learning a few lessons would be nice .
will Australia be affected , absolutely , but we might be smart enough to survive as a nation ( not a money-pit )
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probably not , India still has some skill , people ,and manufacturing base , and some other Asian nations MIGHT grab some market-share ( just not a big share )
but will the vehicles be better then ?
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Trump can absolutely choose not to extend Powell's term in 2026 , 'firing him ' is a little more difficultMr. Trump is winding himself up to fire Mr. Jerome Powell the head of the Fed. This will have a big effect on the currency markets with the USD falling imo to heretofore unimaginable levels. I'm moving much of my IBKR $USD cash back in to $AUD. Only time will tell if it was the correct move. See the "Gold heading" for it's potential effect on gold and other PM's.
White House is studying whether Fed Chair Jerome Powell can be fired, top adviser says
President Donald Trump has escalated his attacks on the US’s top central banker this week.www.semafor.com
gg
they might have to prove some serious misconduct ( like insider trading , or corruption )
OR Trump MIGHT have found away to close down the Fed
over9k
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Trump now openly stating that powell's term "can't end soon enough".
Meanwhile:
Meanwhile:
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I recall seeing a report where Powell himself addressed that question before Trump raised it, and said that Trump didn't have the authority to sack him.
Point being not so much the detail but that he'd foreseen the scenario and already looked into the legal issues. That alone says something.
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What we're really seeing there I think is China assuming its position as the calm, rational de facto world leader.
That'll take time to play out, but I've no doubt China's response is a well thought out one. Whatever it costs them economically in the short term, they want to be seen as the most credible man in the room.
over9k
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Same goes for any job. You don't usually need a forensics team to know whether your boss likes you or not.I recall seeing a report where Powell himself addressed that question before Trump raised it, and said that Trump didn't have the authority to sack him.
Point being not so much the detail but that he'd foreseen the scenario and already looked into the legal issues. That alone says something.
over9k
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Oh it's a slaughter boys. Still got those trailing buy orders in?
over9k
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And how are those gold positions? 
Knobby22
Mmmmmm 2nd breakfast
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Fear.And how are those gold positions?
Trump's incompetence unconstrained by Jerome Powell.
Full autocrat mode would cause a drop not seen in history since when Hoover was in.
Surely he is not going to further break the constitution.
That would be grounds for impeachment.
over9k
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The fed chairman needs to be confirmed by the senate so it's not as simple as just throwing in whatever yes-man he wants.
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Yes ans sold again my archer the day in out will pay for coffee for the week,but the gold and 3* bear etf day gains for the house rates
over9k
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Buy some of the gold 3x etf frog
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Enjoy the ride:
all the Trump haters must be making a killing on the share market.
Impeachment...again?
Let my bear and gold play run
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Yes noticed that on your post, was not aware but..did not look before to be honest.a good point.Buy some of the gold 3x etf frog
A bit pissed off i forgot US was open on easter Monday.my blame
All my extra bear entries on the asx were entered on the week end but will fail.
Will have to wait the next bounce to get in.
Unless Trump gets impeached
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Gld?Buy some of the gold 3x etf frog
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