Hard hitting global and local news
The Richmond Fed manufacturing index plunged 22 points, the most on record. Employment stats are from the Twilight Zone.
Merry Christmas. Buy the Dip. Trump wants you to do what he says, not what he does.
Trump said that trade wars are good and easy to win. He also proposed using tariffs to pay down debt.…
The S&P 500 went into bear market territory today on the worst Christmas Eve trading session ever, percentage-wise.
Trump lashed out at the Fed again today saying the only problem with the economy is the Fed.
Today seems straight from the Twilight Zone: First the PPT and now Abenomics in full reverse.
In lieu of firing Powell, President Trump has a new idea: Convene the PPT
Senator Rand Paul listed a barrage of Tweets of things to think about for the new year.
Trump backed off firing Powell and former NY Fed president William Dudley chimes in on the matter.
Trump is extremely displeased with Powell’s rate hikes. Trump has asked advisors if he can fire Powell. Watch out.