Excellent, Peter. You continue to convince us that Powell is worst than useless. He may authorize new rate cuts in the near future, but whatever he does, it will likely be - at best - too little, too late.
I’d like to ask you about the data in the business bankruptcy chart. Is there any information breaking down that data by business size?
When the government shut everything down in 2020, they made exceptions for big businesses like Target, Walmart, etc. Small businesses were given handouts for several months, but ultimately, they were back on their own, struggling for years. The picture I’ve been seeing is one where small businesses are finally giving up, ruined by the policies of the Biden years. Trump’s changes aren’t happening fast enough to save them. So the data in your chart may be more indicative of a macroeconomic shift from small businesses to large ones. That’s not good, of course. I’m just curious about the details in the data.
Still don’t understand if he is not doing his job, how he can keep it. Ughhh
That's the Washington way.
But Trump doesn’t do things that way or wasn’t…
He’s a business man….
Washington still plays by its own rules.
He’s not asleep at the wheel, he’s a political hack who is purposely holding back the economy to damage Trump.
There is no question that Jerome Powell is the most political Fed Chairman in years, perhaps ever.
Excellent, Peter. You continue to convince us that Powell is worst than useless. He may authorize new rate cuts in the near future, but whatever he does, it will likely be - at best - too little, too late.
I’d like to ask you about the data in the business bankruptcy chart. Is there any information breaking down that data by business size?
When the government shut everything down in 2020, they made exceptions for big businesses like Target, Walmart, etc. Small businesses were given handouts for several months, but ultimately, they were back on their own, struggling for years. The picture I’ve been seeing is one where small businesses are finally giving up, ruined by the policies of the Biden years. Trump’s changes aren’t happening fast enough to save them. So the data in your chart may be more indicative of a macroeconomic shift from small businesses to large ones. That’s not good, of course. I’m just curious about the details in the data.
Thanks, as always, for all you do, Peter!