as i understand it ( and i could be wrong ) Powell cannot be sacked early , unless some major misconduct is proven , BUT Trump can easily decide not to extend his tenure , or renew his appointment .Spray away?...
Precisely. Powell quits or he sees his term out, trump can't boot him until his tenure is up.as i understand it ( and i could be wrong ) Powell cannot be sacked early , unless some major misconduct is proven , BUT Trump can easily decide not to extend his tenure , or renew his appointment .
Yes has to be misconduct, buttt the Collins v Yellen and Seila vs CFPB may have provided a way to out the Fed chair. All thanks to Biden. Fed protection got a lot weaker.as i understand it ( and i could be wrong ) Powell cannot be sacked early , unless some major misconduct is proven , BUT Trump can easily decide not to extend his tenure , or renew his appointment .
let's see what happens ( Trump might have a way to convince Powell to resign/retire early )
Do you think Powell gets the arse straight and QE starts pumping?
Nah I reckon they'll do a passive runoff of the fed's balance sheet, they just can't expand that any more. So whoever trump appoints will keep rates lowish, inflation will probably run hotter than they want but they'll take that option on account of it causing less pain to the average punter than pumping interest rates and also effectively reduces (debases) their debt.*Straight away
Below 62 nowToday's funny post.
Don’t panic – despite the headlines, the Australian dollar isn’t crashing | Greg Jericho
While our currency is lower than it’s been for a while, there is no sense of a crash. The RBA’s focus should be on the domestic economy and rate cutswww.theguardian.com
likely to include some well-known names ( Japan being the super-obvious one , but think G20 and how many are actually financially sound , not just playing money roulette )This is not going to remain unique to the U.K
Which means no interest cut.Below 62 now
@sptrawler If the revamped board is not singing from the old song sheet, then it may be interesting listening to a different tune and a different drum being banged.It will certainly be interesting to see how the new re vamped RBA board performs, they will be tested very soon, with the upcoming rate decisions.
Having a Govt influenced super sector and a re vamped RBA, will be a new paradigm, should at least make things less boring. Lol
I've got similar thoughts although not relating to Trump personally.So I've got a huge portfolio in $US and got that extra boost from weak $AUD.
My worry is Trump steps on the $US and weakens it.
Not sure on the timing though
Yeah I'm think I cycle out of $US or hedge. I was thinking this last week. Just dug a bit and Morgan Stanley seems to be recommending buying aud with a rise to .70 in the short term. Not that they are great predators. Probably should have moved last week.I've got similar thoughts although not relating to Trump personally.
Markets don't move in a straight line so we're probably due some sort of temporary reversal anyway.
In particular I note a major contrarian indicator - the mainstream media's reporting the AUD's decline.
Timing is of course uncertain but I suspect it's near.
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