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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (21591)	12/26/2018 9:36:03 AM
From: richardred	2 Recommendations Recommended By robert b furman sixty2nds Read Replies (1) \| Respond to of 33421

IMO-There was no need for the recent Steven Mnuchin recent comments to the big banks as Fed. Chairman Powell already addressed this. Donald Trumps expertise is in Real-estate-Building & Hospitality. IMO real growth lasts when it's done without QE. It was needed by a loss of confidence in the US banking system. I remember when the late Fed chair Paul Volcker raised interest rates to 21%. Many thought the economy would never recover at that time. The rates in place now are a gift. IMO no economic stimulation should be through the lowering interest rates from here. I'm guessing rates have peaked here or near here. IMO that's a forward stimulus in itself. Last I knew there is more than one person for the Fed Chair to confer with. IMO If there wasn't a consensus rates needed to go up they wouldn't have. I'm most impressed with Fed. Chairman Powell comments. IMO- He just gave the biggest sign of confidence in the US banking system. IMO-The question now is what Qtr. the rate hikes stop. IMO-Donald Trump has never been a great Stock Market investor. However he knew about making a deal with Merv Griffin on Resorts Int..