Powell for Fed Chair

Question

So is this another "draining the swamp" choice?

wallstreetcappers · Answer

So is this another "draining the swamp" choice?

wallstreetcappers · Answer

Oh and I dont blame him, Trump has debt envy no question.

Companies now are able to issue garbage debt like his triple hooks for a FRACTION of what Trump had to offer.

His SENIOR debt was 9.75 if I recall and his subordinated ran at 13.25 if memory serves me correctly. I had a brokerage client who bought both of those and UNDER par, the YTM on those suckers was between 15% on the seniors and over 20 on the junior...

Too bad he couldnt lever up in todays market, maybe he would not have double BK'd and still have something to gloat about on the shore..

Oh and yeah both of those coupons went under, neither made it to maturity before he screwed over those bondholders.

ilsp2003 · Answer

more of the same ( Powell was nominated by Obama to Fed Board of governors) except Powell believes post 2008 crisis regulations went too far

“There is certainly a role for regulation, but regulation should always take into account the impact that it has on markets — a balance that must be constantly weighed. More regulation is not the best answer to every problem,” Powell said at a speech in New York in early October.

How qualified is Powell ? he is lawyer and studied politics at Princeton University

Yellen is a world-renowned former chaired professor of macroeconomics at Berkeley, former chair of the Council of Economic Advisers, former president of the Federal Reserve Bank of San Francisco, former vice chair of the Federal Reserve Board (FRB)

wallstreetcappers · Answer

Powell is a multi millionaire Carlisle group chump.

So I guess he fits right in with the rest of the clowns decisions, none of which have any part of his abhorrent campaign drivel.

https://www.wsj.com/articles/donald-trump-attacks-federal-reserve-yellen-during-debate-1474946709

I_Need_A_Detox · Answer

Multi-millionaire? Imagine if the chairman of the fed wasn&#x27;t a multi-millionaire?

wallstreetcappers · Answer

Well if Trump didnt run on the theme then it might not be an issue right?So you are ok with a Carlisle group multi millionaire after Trump blasted the FED during the campaign?Yeah cute how you Trump fans seem to ignore that his entire platform has meant nothing in reality. Is Powell coming in draining the swamp or not? If Trump seriously wanted to live up to his fat mouth, this is one of the last guys he would support.

thirdperson · Answer

Trump has a bad habit of hiring shady characters who are unqualified and lacking skills, knowledge or experience. Recruiting seems to be based more on blind loyalty instead of competence. Result is unusual high turnover rate for jobs that are normally secure. His promise of a dream team is a exaggeration.

1129ken · Answer

If Zelo was a mod, we&#x27;d be hearing about the worthlessness of this thread.

I_Need_A_Detox · Answer

I&#x27;ll help everyone out here. Deregulation

DogbiteWilliams · Answer

What a truly asinine comment.Babushka cut taxes, rules, regulations and oversight and by the end of his Reign of Error, the world&#x27;s entire financial system was on the brink of total collapse.  When reasonable restraints were removed, stupid, greedy and amoral businessmen and mega-criminal banksters practically destroyed everything in short order.Just like Hoover and his dangerously reckless policies.  And now it&#x27;s even worse, because a stupid, greedy and amoral businessman is now President.  I predict things will be pretty damn grim by November 3, 2020 - and that&#x27;s assuming the United States manages to avoid a nuclear confrontation with North Korea.

I_Need_A_Detox · Answer

My comment is accurate. Your comment is asinine.

wallstreetcappers · Answer

Make a thread about it then...this thread is about Trump picking a multi millionaire Carlisle exec to run the FED, and his approach to the decisions the FED will make is in FULL contrast to what Trump bashed the FED about and he promised he would not allow artificial low rates to continue.So is Trump keeping any of his mouth garbage promises or not?

wallstreetcappers · Answer

Man you cry more than most any other poster in the politics forum, but yeah you have a point...

Trump is not a politician, he is not going to APPOINT someone to the FED, that person does not have any political involvement and thus this is a cut and paste throw up job like zelo does.

Dsn150 · Answer

Who would have been on your list of choices?

Midnight1 · Answer

Take a look at who is on the board of the Carlisle group. They are a bunch of modern day pirates who buy down on their luck companies, purge the workforce immediately reducing cost & then off loads the turkey on some other idiot.

Shrooms here will think this is a brilliant business model without looking at the lives destroyed during this process. .

Dsn150 · Answer

Who would have been on your list of choices?

I_Need_A_Detox · Answer

Trump said he was going to deregulate. Trump is deregulating. Now we have Democrats saying that Obama people are the swamp and Trump isn&#x27;t living up to his campaign promises.

wallstreetcappers · Answer

Do you see me reference Obama in this thread? I dont think so.And for how much you are replying you are not answering the question. Is Powell the kind of choice that Trump campaigned on and anti-establishment as Trump bashed Yellen and the FED last year?Simple question...simple answer.

wallstreetcappers · Answer

Deflection twice in one thread...how about you answer the question?Is Powell the kind of choice that Trump promised, the kind of decision he said he would make (yet hasnt)?My choices...well I dont think you give a rats behind what my choice or opinion would be, so why would I entertain your trap?

I_Need_A_Detox · Answer

Powell will have a deregulation agenda. That&#x27;s the agenda Trump wants.

wallstreetcappers · Answer

Degregulate what exactly, the constraints on the banks?The FED is controlled by the banks and agreements with our government and other central banks. What in the history of this guys resume makes you think he is going to go against the grain, he has ZERO history of doing anything unconventional.There are only two current FED ducks I would consider, and I say it mildly... Fisher and the guy from Minnesota (I think he left recently).A high high majority of the FED regional heads know their place and they will go along with what they are told to do. This Powell guy is another Trump debt dope, he is not going to do anything that adds value, he will keep rates low and do what he is told.

Dsn150 · Answer

Well-Since you have such disdain for Powell, I&#x27;m sure you were equally upset with the selection of Yellen 4 years ago, since Powell is widely thought to share Yellen&#x27;s monetary policy views- (although I&#x27;m not going to waste my time trying to find the thread that I&#x27;m sure you started then)-https://www.reuters.com/article/us-usa-stocks-banks/u-s-banks-in-cross-hairs-as-powell-could-help-and-hinder-idUSKBN1D32C6?il=0To be as critical of Powell as you are, I think it is only fair to assume you had a better choice in mind....The tepid, hedging, well maybe Fisher endorsement is your choice I suppose-At least that&#x27;s a start...

Dsn150 · Answer

And, to answer your question- no, I don&#x27;t think Powell is the type of person that Trump championed during his campaign- however I think that the Fed chair might be a bit unique in that there are likely a very limited number of qualified people- all of whom are likely to have resided in "the swamp"-

wallstreetcappers · Answer

If you have read enough of my thoughts (which I can tell you have not) I was no fan of Yellen or Ben, not at all. But as mentioned above, who cares if I was or not.

Trump blasted his trap about Yellen and low rates, he ran on this platform not me. How many outs and excuses are you going to give this yutz? He outright chastised the FED and turns the keys over to someone maybe even MORE loose than Yellen and you guys again look the other way?

What a joke...talk about lack of follow through, this is outright hilarious.

No rationalizations and excuses please, Trump is a fraud and 'yall got hoodwinked.

Dsn150 · Answer

So, I&#x27;m not likely to find a thread (started by you)bashing Yellen?I&#x27;m not sure how appointing Powell makes Trump a fraud and me hoodwinked...You don&#x27;t like him or his selection(s)- which is fine-Again I ask- who would you have selected?- you gave a very ambivalent endorsement to Fisher- so....Again- there are not likely a large number of folks qualified to chair the Fed- or, perhaps in your opinion there are thousands of folks out there that would make the cut...It&#x27;s your thread- it certainly seems as though you&#x27;d have an alternative selection in mind-

Powell for Fed Chair

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