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raccoon

(31,111 posts) Fri Oct 12, 2018, 07:36 PM Oct 2018

About tRump blaming the Federal Reserve for the stock market fall

Does anybody remember any of the previous presidents doing that? And then he was saying not too long ago that he didn’t believe the evidence that the US intelligence agencies came up with.

Sounds like he is trying to do all he can to discredit the institutions of this country.

7 replies

= new reply since forum marked as read

Highlight:

About tRump blaming the Federal Reserve for the stock market fall (Original Post) raccoon Oct 2018 OP

"Sounds like he is trying to do all he can to discredit the institutions of this country." pangaia Oct 2018 #1

He wants to destroy or privatize everything. BigmanPigman Oct 2018 #2

Putin told him to discredit the institutions. n/t murielm99 Oct 2018 #3

He's been bragging about how well the stock market has done, of course because of him, The Velveteen Ocelot Oct 2018 #4

Yup. He's pissed he can't gloat about the market right before the election. unblock Oct 2018 #6

He's not at all the first president to disagree with the fed unblock Oct 2018 #5

My guess is Trump was told Wellstone ruled Oct 2018 #7

pangaia

(24,324 posts)

1. "Sounds like he is trying to do all he can to discredit the institutions of this country."

Reply to raccoon (Original post)

Fri Oct 12, 2018, 07:42 PM

Oct 2018

Really?

Ya think so?

What ever gave you that idea?

BigmanPigman

(51,593 posts)

2. He wants to destroy or privatize everything.

Reply to raccoon (Original post)

Fri Oct 12, 2018, 07:43 PM

Oct 2018

murielm99

(30,741 posts)

3. Putin told him to discredit the institutions. n/t

Reply to raccoon (Original post)

Fri Oct 12, 2018, 07:43 PM

Oct 2018

The Velveteen Ocelot

(115,705 posts)

4. He's been bragging about how well the stock market has done, of course because of him,

Reply to raccoon (Original post)

Fri Oct 12, 2018, 07:50 PM

Oct 2018

so when it suddenly "corrected" he had to find somebody to blame because nothing that goes wrong is ever his fault. The fact that he is also discrediting an important institution doesn't matter to him as long as he can find someone or something else to blame.

unblock

(52,236 posts)

6. Yup. He's pissed he can't gloat about the market right before the election.

Reply to The Velveteen Ocelot (Reply #4)

Fri Oct 12, 2018, 07:55 PM

Oct 2018

unblock

(52,236 posts)

5. He's not at all the first president to disagree with the fed

Reply to raccoon (Original post)

Fri Oct 12, 2018, 07:54 PM

Oct 2018

But all other presidents do it far more subtly and respectfully.

And advocating lower interest rates a few weeks before an election is exactly the kind of political crap that led them to make the fed an independent institution in the first place.

Wellstone ruled

(34,661 posts)

7. My guess is Trump was told

Reply to raccoon (Original post)

Fri Oct 12, 2018, 07:55 PM

Oct 2018

by Mulvaey and Kudlow to go this route. It is all about rising interest rates after the influx of Tax Breaks upsetting normal market forces. And the Tarriff's and lost Sales to China has caused the Dollar to regain Strength again causing Interest rates to rise.

BTW,yesterday tens of Billions of Treasuries were sold. Again causing market disruption in the negative.

And with lay offs looming at a couple Corporations, the poop is hitting the fan. The White shoe crowd has lost confidence in what they bought in November of 2016. But,hey they get to keep their tax breaks.

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