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Comment on If Trump fires the Fed’s Powell ‘both the currency and the bond market can collapse,’ according to Deutsche Bank

Treczoks@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

Well, the USD as far overrated, so any correction is a) needed and b) painful.

The only hope is that a breakdown of US economy will be remembered as made by Trump and the GOP.

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UnderpantsWeevil@lemmy.world ⁨2⁩ ⁨weeks⁩ ago
USD is already down 15% to the Euro as of the start of the year.

I think that’s what people seem to miss, here. Not the risk of a stock market crash but of a massive inflationary surge as domestic dollars rapidly outstrip natural resources.

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- Treczoks@lemmy.world ⁨2⁩ ⁨weeks⁩ ago
  
  USD is already down 15% to the Euro as of the start of the year.
  
  If Trump takes over the FED, that 15% will look like a dream.
  
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  - UnderpantsWeevil@lemmy.world ⁨2⁩ ⁨weeks⁩ ago
    Trump selected Powell back in 2018.
    
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    Treczoks@lemmy.world ⁨2⁩ ⁨weeks⁩ ago
    I know. But now he needs lower interest rates or it will make him look bad because it will expose his economic failures, something he hates.
    
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