Trump’s rage tweeting against the Fed continues.
Let’s translate, shall we?
As your President, my job is to get reelected and in order to get reelected I need to keep the fiscal reflation going. This goddamn strong dollar situation threatens to undo all the good I have done in conducting a global economic war to make America great again. Why can’t I have a central bank that is politically sensitive like Japan’s, like China’s, like Europe’s and now, even India’s!?!
Because maybe we are America? Because maybe you have nothing to do with its greatness, Trump? Because a strong currency is a reflection of strength and relative stability in a world on the verge of devolving into a debt-soaked mess and hence, a whopper of an inflation due to central banks’ actions?
Personally, I think that the US Fed is acting as a regulator to this clown who’s pumping an already pumped stock market and already in full frontal reelection mode. If he would just shut up already about the Fed, they just may set about their task of fomenting the coming inflation.
They have the bullets and now with a correcting stock market and fading PPI in the books as of this morning, they have the rationale. But it’s bad karma that this Tweet-o-holic just won’t ease up as he titillates that base of his with taunts as the reelection campaign hits full swing.
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