Message from @4AM_critter 🐉
Discord ID: 527610407330775070
as in he avoided confronting actual problems
The fed also kept interest rates low thruout his entire term but for some reason started raising it under trump
that is a normal response to a stabalizing situation
This is the 3rd time that the 'Trump economy' was proclaimed.
Every time it kept improving again, and it went back to the 'Obama economy'.
There is no evidence, only ideology.
if the stocks are spazzing the fuck out its not generally a good thing
its not like the surge today has as yet even absorbed the losses over the last month or so
its good for some people
and it would not be a particularly good thing even if it did
its still volatility
its bad for others
I see it like rolling some dice and seeing where everything is laid out
and if its stable then we are using loaded dice
im not sure how the instability is in any way desirable
its just randomly dicking over some and unexpectedly helping a few who happened to sell at the right time
stock value gets used for actual things right now
it spazzing around messes with peoples retirement funds and shit
Thing is, isnt most stock like 90% traded based on an algorithm?
This article explains why the FED rate makes the stock market go down
<https://www.investopedia.com/investing/how-interest-rates-affect-stock-market/>
Its not like most are deciding to buy now because its good
And it is summed up in this google search too
i mean the fed is usually just trying to stabalize the dollar and such
sell bonds to take money out of circulation, pumping up dollar
Can Trump fire the Fed?
turn off bond faucet et cetera
afaik not really
removing the whole fed isnt really desirable anyways
Who is the Fed accounted by?
it would just untether the dollar and possibly fuck everything over as we go the way of the ruble
if i remember right the government as a whole more than just the president
its relatively difficult to get rid of them so that a politician having a panic attack cant quickly throw them under the bus
But if the whole government wants to fire them can they?
Like if they really wanted to can they just say no?
and keep their job
they can destroy the whole federal bank if they really want to
it would afiak mainly just amount to removing the laws that brought it into existence
this would notably probably do a lot of damage to the banking system, which relies on them quite a lot
which is not really desirable if you like having valuable money
or an economy where its possible to do things like get a loan for a car or a house