Is there any point at which people will stop saying "the market was due for a correction" and accept that, cycles aside, there's a clueless person in the White House actively making terrible decisions for the economy while blaming "the fed?"
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Economies are largely based on public confidence, alternative is deflationary spiral. He shows poor judgment in this regard. Note, pre election he was more persuasive than most in the illusion of confidence. Now, not so much
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Tough to get to deep into economic theory in a tweet. The actual moving of a rate rarely has much immediate impact. The impact is when the rate move was a surprise. Otherwise it is largely priced in well beforehand. See the bond market.
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Tough for you to state your strongest point.
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Methods and predictability often more important than actual policy. If you believe you are going to have a paycheck tomorrow you spend today. Whether you actually get that paycheck tomorrow is immaterial to your willingness to spend today. Perception is reality.
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You know this better than most, and he is now creating some very negative perceptions as stability and certainty goes. At least that is my perception ;-). And the majority’s.
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