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Non-Tech : Kirk's Market Thoughts
COHR 191.23+0.2%1:57 PM EST
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To: Kirk © who wrote (13730)5/18/2022 11:15:39 PM
From: Rarebird1 Recommendation

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berniel

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Trump had every right to demand low rates from Powell. He saw low rates across the globe, in Europe and Japan and he wanted a weaker USD and a lower cost of capital to stimulate growth. In other words, he was a market oriented President. Sure, he got attacked for that. But he knew, like most market participants that the US stock market had become the backbone of the US economy. Rising stock prices brings in greater tax revenue for the government and greater consumer spending and GDP.
The Biden Presidency has turned out to be an unmitigated disaster, due mostly to his radical, environmentalist energy policy. He will get blamed for the inflation, but the supply constraints were not his fault. He is one and done and so are many Dems in the midterms; it should be a rout of immense proportions. I think Trump would win in a landslide if he ran in 2024. And I'm convinced that Powell and his comrades wouldn't be on the war path in regard to raising rates if Trump was re-elected. Actually, I don't think Powell would have been reappointed by Trump. A fresh face would not have to personally confront the policy error ( "transitory") in the past.
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