Breaking News! ABC interview with Larry Summers who says Trump's accusations of manipulated jobs numbers are ‘preposterous’ Summers also criticized the firing of a top Bureau of Labor Statistics official.
Also, during the interview: On Trump's bashing of Fed Chair Jerome Powell Stephanopoulos: Adding to that uncertainty is the president's campaign against Jerome Powell, the head of the Federal Reserve, saying he's been a 'moron,' I think was the word the president used for not lowering interest rates so far. What's the impact of that?
Summers: Look, I think that this kind of political Fed-bashing is a fool's game. The Fed doesn't listen. So, short-term interest rates aren't going to be different because of it. The market does listen. So, longer-term interest rates are going to be higher, which is going to make it more expensive to buy a house. This is hurting the economy, not helping.
“I think the president understands that. And what the president is doing is recognizing that for all kinds of reasons, of which his policies are very important ones, the economy's got a lot of risk, and he's looking to set up a scapegoat if the economy performs badly.”
Oh wow, look $TRUMP is running at $8.79, soaring a whole +1% like it’s on a mission to conquer the meme‑coin kingdom. ATH of $74.27? Yeah, sure, right around the corner… in some alternate universe. Realistically? We’re eyeing a run to maybe $9–$14, if the stars align and inflation takes a coffee break. But hey, who needs realism when you’ve got UNFILTERED TRUMP ENERGY? 🚀 Let’s reinvent history!
$SOL Looks like #Solana has just retraced 61.8% of the last up movement. That’s a healthy consolidation and might be the turning point for the next leg up (?). 🤞🙂
Here are some excerpts of the best article I read today:
‘Self-termination is most likely’: the history and future of societal collapse. (A book review.) *********************************************
I’m pessimistic about the future,” he says. “But I’m optimistic about people.” Kemp’s new book covers the rise and collapse of more than 400 societies over 5,000 years. “Today’s global civilisation, however, is deeply interconnected and unequal and could lead to the worst societal collapse yet, he says. The threat is from leaders who are “walking versions of the dark triad” – narcissism, psychopathy and Machiavellianism – in a world menaced by the climate crisis, nuclear weapons, artificial intelligence and killer robots.” “Inequality does not arise because all people are greedy. They are not, he says. Instead, it is the few people high in the dark triad who fall into races for resources, arms and status, he says. “Then as elites extract more wealth from the people and the land, they make societies more fragile, leading to infighting, corruption, immiseration of the masses, less healthy people, overexpansion, environmental degradation and poor decision making by a small oligarchy. The hollowed-out shell of a society is eventually cracked asunder by shocks such as disease, war or climate change.”
“The three most powerful men in the world are a walking version of the dark triad: Trump is a textbook narcissist, Putin is a cold psychopath, and pres. Xi came to rule [China] by being a master Machiavellian manipulator.” *************************************** If you find this interesting, you may wanna pick up the book!?🤔
So all her staff(100>1000?), all the computers, all states data are wrong? Right? or WTF , Biden didn't win either... ? He said "my 3rd term" in a speech.
#Trump puts most other 🍌 republics to shame. 🤣 But I guess that’s his thing, isn’t it? „We are gonna be the greatest banana republic the world has ever seen!“
Senator Ron Wyden of Oregon called President Donald Trump’s firing of Bureau of Labor Statistics Commissioner Erika McEntarfer “the act of somebody who is soft, weak and afraid to own up to the reality of the damage his chaos is inflicting on our economy.” $Trump
Can’t point these things out often enough but his super ignorant base either doesn’t understand or doesn’t care? My neck’s been hurting lately from shaking my head so much. 🙄