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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?


To: elmatador who wrote (1287)10/24/2018 7:30:21 PM
From: Elroy Jetson  Respond to of 13803
 
Paul Volcker thinks Trump hopefully marks the low-point in disrespect for American institutions. It is hard to imagine a more incompetent clown than Trump in office - perhaps Trump's mentally-ill pal Kanye West.

Paul Volcker says,“My ideology is the importance of good government. That is not a popular ideology. Good government has become a curse word. When I was a kid, it was a good word.

"Trump's signature economic policy — the tax cuts — was a huge mistake and the only purpose I can see is a cynical attempt to try to squeeze Medicare and medical expenses and Social Security now that the deficit is higher."

Trump has called the central bank and current chair Jerome H. Powell “loco,” “crazy” and “my biggest threat” for gradually raising interest rates.

My message to Chairman Powell is be strong and follow your instincts. Given all the other things Trump says, I wouldn’t be too concerned.

I know one thing for sure. I no longer want to visit Washington, the city in which I gladly spent most of my career. It’s all politics and lobbying now. It makes me ill.”