Quote:
Originally Posted by reckless
The ridiculous GOP omnibus bill had more to do with the yuuuge market drop than anything else.
But when you add in the incorrect and stupid decision by new Fed Chief Powell to raise rates, plus signalling more rate hikes to come, it was easy for the market to sell off bigtime.
We have had signs of a slowing economy now for months which is tipped by the flattening yield curve yet no Fed talking head mentioned this previously, at least I haven't heard any Fed warnings of late.
The Fed's decision to raise rates is a warning that they are simply clueless about the economy as usual.
|
More empty bluster...can we fault "The Deep State?"
"Update:
Just hours after threatening a veto, President Trump appeared set to back down and sign a sweeping $1.3 trillion spending bill passed by Congress early Friday and avoid a government shutdown, according to senior legislative aides."
Source: wapo.com
