WHAT DOES TRUMP EVEN GET FROM FIRING JEROME POWELL?
In today's newsletter, I went long on the question of what really backs the US dollar, and how I don't even see the short-term win if Powell attempts to sack the Fed chair
Sub here to the newsletter: https://www.bloomberg.com/account/newsletters/odd-lots
In today's newsletter, I went long on the question of what really backs the US dollar, and how I don't even see the short-term win if Powell attempts to sack the Fed chair
Sub here to the newsletter: https://www.bloomberg.com/account/newsletters/odd-lots
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Comments
1. Weaken the US. Help Russia/Putin.
2. Self enrichment by the billionaire class.
Our loss is their gain.
They're not even hiding it.
https://www.independent.co.uk/news/world/americas/us-politics/trump-billionaire-profits-dropped-tariffs-b2731386.html
Also, price of soybeans & wheat is set by world supply & demand. As the dollar falls, the $ prices of these commodities will rise, cet. par. US farmers like higher $ price but inputs will cost more.
Perhaps there is a legit reason to postpone lunch...?
he gets a fall-guy
https://bsky.app/profile/reuters.com/post/3lndfpdxwpe2q
Powell tried to shore it up with a carefully worded speech, and within days Trump just tore it all apart again by threatening to fire him.
• S&P ▼3% in one day, on Trump’s Fed threats
• DXY 97 = ‘death spiral’ rating
• Gold $3,408 = no faith in institutions
This isn’t policy, it’s arson.
And the fire department has quit.
See:
✓ Turkey’s Erdogan destroying the lira
✓ Argentina’s Perónism burning pesos
Trump’s playbook is deliberate, open chaos as a weapon. And it’s tested.
• Christian nationalists draft Trump’s agenda
• Project 2025 guts Fed independence
• Markets pricing in permanent chaos
This isn’t ‘bullying the Fed.’ It’s dismantling the last guardrail.
• Empty ports
• No corporate profits
• Leaders ignoring law
• A global ‘sell’ signal on America
The world doesn’t wait on decaying empires.
It repositions.
Your analysis assumes rules still exist.
They don’t.
Your models assume rational actors.
They’re gone.
Your charts assume a country.
It’s a crime scene.
Wake. The Frick. Up.