President Trump Wants a 1% Fed Rate Cut…Are You Kidding Me?

Most of the time I don’t talk about financials or the global economy.

You might have noticed that my blog is about general lifestyle topics, and these ones include everything I live, like, do, think, etc. But economics is kind of boring for some people, that is why I haven’t written about it. That is until now.

We are living interesting times, that’s for sure, when lots of things are changing around us and all over the world.

Today, for starters, I would like to address some monetary issues that concern the stock market and the Federal Reserve.

President Trump and Powell Fed Reserve

 

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One question: If the economy is doing so well, why do the rates have to be cut?

president dra martha castro noriega tijuana mexico

 

In the meantime, let me quote President Trump:

 

“They must Cut Rates bigger and faster, and stop their ridiculous quantitative tightening NOW” Trump boomed, even though the Fed ended their “ridiculous quantitative tightening” LAST WEEK.

 

NOTE: I really like to talk about a lot of things, and have many activities and things I like in my life, apart from the love of my life: the science of medicine. And economy and financial affairs is a topic that interests me a lot and have found to like it very much.

The Most Expensive Joke in History Elon Musk Bankrupcy

TESLA (TSLA) has lost 5.83% of its shares value only today, when a year ago TSLA stocks were $ 389.61 now they e are $ 251.74.

In what we assume is a morbid April Fool’s joke, late on Sunday Elon Musk decided to have some “fun” with his 20 million Twitter followers and unknown number of investors, and after previewing earlier in the day that he will have “Important news in a few hours …”, the Tesla CEO tweeted that “Tesla Goes Bankrupt Palo Alto, California, April 1, 2018 — Despite intense efforts to raise money, including a last-ditch mass sale of Easter Eggs, we are sad to report that Tesla has gone completely and totally bankrupt. So bankrupt, you can’t believe it.

The Most Expensive Joke in History Elon Musk Bankrupcy 1

Meanwhile, assuring that today’s joke is tomorrow’s reality, on Sunday, the NTSB said it was “unhappy” that Tesla made public information about the crash of its Model X vehicle on Autopilot that killed the driver last month.

Tesla’s Autopilot semi-autonomous driver-assistance system has also come under scrutiny. The system was in use when a driver died in a crash in California on March 23. It was at least the third fatal crash to have occurred while Autopilot was deployed.

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