Though it was very hard to get past the BOLDED part above, I read through, Merry Christmas Lady.
PS: your LINK doesn't work but it doesn't matter your synopsis was tough enough @LegalAmerican I'm just gonna steal this emoji from a Briefer I really like
@LegalAmerican is good for laughs, nothing more. Mnuchin IMO was reacting to calls from the WH/Trump to "do something" over the market correction. Mnuchin then lets on he called the heads of major banks, to show his boss he's "doing something".
The Fed is merely continuing their course of raising interest rates to keep the economy from overheating. Are they overdoing it? Perhaps.
@LegalAmerican 's "excellent president" seems to have forgotten he appointed the current fed chairman 13 months ago.
The increase in interest rates IMO has far more to do with the correction in the stock market than the midterm elections. When interest rates were near zero for the better part of a decade, the risk/reward was better for stocks.
Typical Trump...when the stock market was booming, it was due to his policies, his leadership. When it's falling, it's because of whatever bogeyman he can get his base to blame.
I was a stockbroker during the crash of '87, and worked for the FDIC during the bank crisis some ten years ago. I claim no specific expertise other than living/working through those two eras, only to say that today's events are typical of the ups and downs of our financial markets.
It's not in Trump's personality to exert steady, calming leadership. He's all about leading through chaos, as evidenced by the turnover in his administration. "Trump fatigue" will be a chronic American condition by the end of 2019, only his most die hard supporters will continue to support him. Not going to get reelected with 35% of the vote.
Of course, the Democrats will likely screw the pooch, and put up an even more odious candidate. Joe Biden certainly falls into that category, as he'll be 78 in 2020. He never had the mental acuity to handle the role of POTUS, and he certainly won't be physically fit enough to handle the stress of the job.
