The Soapbox

EAPo

Joined: 08/14/1998 Posts: 1097
Likes: 947


He's trying to save face. I posted a while back that he would try to..


.. torpedo the stock market due to his ego and his earlier proclamations that a Biden victory would cause a crash. He took a couple of steps in that direction by having Mnuchin withdraw support for some of the Fed's special purpose vehicles last week... which caused a temporary one-day blip down.

Then Biden appointed Janet Yellen to be his SECTREAS. Pretty much guarantees as much money printing and mmt as the FED and its banks want to embrace. Which is, to say, a whole fucking lot. Checkmate, Biden.

So now we'll get the inflation the Fed has been clamoring for (I know I'M sure glad all the stuff I buy is going to cost more) and, quite possibly, now a hyperinflationary spike, which will of course guarantee sky high stock market returns. It's just too bad that those returns will be denominated in u.s. dollars...

(In response to this post by WahooRQ)

Posted: 11/24/2020 at 12:53PM



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Current Thread:
  Party hackery over sound economic understanding. ** -- Hoodafan 11/24/2020 2:43PM
  Liquidate! ** -- WaxHoo 11/24/2020 1:47PM
  Thanks, Joe. ** -- WaxHoo 11/24/2020 1:49PM
  Joe really deserves all the credit for vaccine ** -- DownTownHoo 11/24/2020 1:50PM
  Without question ** -- Brown Water 11/24/2020 2:02PM
  ^^^^ Are really trying to steal my mojo ^^^^ ** -- ResistHoo 11/24/2020 2:51PM
  I think you mean don't fuck it up Joe. ** -- Hoodafan 11/24/2020 1:49PM
  No, unfuck it Joe ** -- WaxHoo 11/24/2020 2:03PM
  #TrumpDumpBump ** -- WahooRQ 11/24/2020 1:38PM
  Or 257,578. ** -- Shenhoo 11/24/2020 2:21PM
  Because that is what great leaders do -- DTsBicep 11/24/2020 1:15PM
  Thanks, Obama! ** -- Shenhoo 11/24/2020 1:09PM
  (Video) -- hooshouse 11/24/2020 12:50PM
  wow, that is sad ** -- FfxStationHokie 11/24/2020 1:14PM
  JOEMENTUM! ** -- Fuzzy Dunlop 11/24/2020 12:51PM
  I call it the Trump Dump Bump ** -- WahooRQ 11/24/2020 12:46PM

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