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You're the only other poster I've seen realize the implications of the genius act.

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Ahh . . .up to two now. Pretty soon it will be

Windy City Ag said:

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BTW anyone else think he's going to use the whole building renovation thing to push for a full audit of the Fed in the next couple years?

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He can ask for one, but the Senate and House are likely going to be in some mix Democrat control and Fed oversight is their purview so they will tell him to go pound sand.

I am just waiting for the courts to freeze and roll back his abilities to levy tariffs under the emergency powers act. That is going to really make his head explode.

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1) The courts may indeed say that Trump can't levy Tariffs under the IEEPA. That does not mean that all of the tariffs levied under the IEEPA will be rolled back by the courts.

2) The court could say no new tariffs, and make companies / countries challenge each tariff individually through the courts.

3) The administration may successfully argue that they have the authority under the Trade Act for all of its current tariffs. If Jamieson Greer stands up and says that each and every tariff that Trump brought was retaliatory towards unfair trade practices by the other party, what are the courts going to do? Judicate that Greer is wrong? Some district court would try, but would it be successful all the way to SCOTUS?

Logos Stick said:

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Powell is right. 4% is a good rate and I would not go lower until we encounter a recession.

During the Clinton admin, we averaged about 5.25%. During W, the average was appx 3% with a high of 5.25% right before the Housing crash.

Bernanke broke us with the post-TARP easy money philosophy during Obama.

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Thats nice and all but the rate is 4.25% right now....sooOoooo

TheBonifaceOption said:

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Logos Stick said:

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Powell is right. 4% is a good rate and I would not go lower until we encounter a recession.

During the Clinton admin, we averaged about 5.25%. During W, the average was appx 3% with a high of 5.25% right before the Housing crash.

Bernanke broke us with the post-TARP easy money philosophy during Obama.

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Thats nice and all but the rate is 4.25% right now....sooOoooo

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It's actually a range between 4.25% and 4.5%. it's not a single number. So now what?