75bps to a full percentage point would be my choice. 50bps would be just catching up to where the markets have already been. A little extra would have the Fed actually goosing the economy.
If a 50 bps cut was the right call, where are the other Fed governors on it? Majority rules, does it not? The 11-1 vote was pure politics, there is no other way to interpret it. The Fed must resist Mango Mussolini! Why, he threatened their independence, don’tcha know?! We can’t be supporting the right thing to do for the American economy because MM might benefit from it too! Harrumph!
Boy, I sure wish Trump could read all of your posts on Powell and point out to him that Peter Nayland Kust is doing Powell’s job, and doing it infinitely better! You don’t have to be an economist to see that YOU, Peter, have been getting it right, and Powell is like the “pointy-haired boss” of the Dilbert comic strip: completely clueless and useless.
You should count up all of the times you’ve been proven right, and submit it to the Guinness Book of World Records, Peter. I’d love to see you become famous for beating most economists, on most issues, for the longest stretch of time, on the most diverse topics. Your mind is a gem!
Beating "economists" these days is not hard. Few of them have even read Smith or Bastiat, and they only pay lip service to the ideas of Mises, Hayek, and Friedman.
Even fewer of them know how to read a simple graph, as "Too Late" proves frequently.
I'm a cost accountant and engineer who likes economics. That combination of disciplines is important when contextualizing the data
It should have been at least 50 points. End the Fed or fire Powell.
75bps to a full percentage point would be my choice. 50bps would be just catching up to where the markets have already been. A little extra would have the Fed actually goosing the economy.
Fire Powell today. End the Fed tomorrow.
If a 50 bps cut was the right call, where are the other Fed governors on it? Majority rules, does it not? The 11-1 vote was pure politics, there is no other way to interpret it. The Fed must resist Mango Mussolini! Why, he threatened their independence, don’tcha know?! We can’t be supporting the right thing to do for the American economy because MM might benefit from it too! Harrumph!
While technically it is a majority vote, in practice few Fed Governors make much show of disagreeing with the Fed chair.
It's as much a democratic body as the Russian Duma under Putin.
I'll let you figure out which side of that analogy should feel insulted!
Boy, I sure wish Trump could read all of your posts on Powell and point out to him that Peter Nayland Kust is doing Powell’s job, and doing it infinitely better! You don’t have to be an economist to see that YOU, Peter, have been getting it right, and Powell is like the “pointy-haired boss” of the Dilbert comic strip: completely clueless and useless.
You should count up all of the times you’ve been proven right, and submit it to the Guinness Book of World Records, Peter. I’d love to see you become famous for beating most economists, on most issues, for the longest stretch of time, on the most diverse topics. Your mind is a gem!
Beating "economists" these days is not hard. Few of them have even read Smith or Bastiat, and they only pay lip service to the ideas of Mises, Hayek, and Friedman.
Even fewer of them know how to read a simple graph, as "Too Late" proves frequently.
I'm a cost accountant and engineer who likes economics. That combination of disciplines is important when contextualizing the data