>jerome powell all but confirmed rate cuts, talking about how labour market concerns are more important than inflation concerns
>hopeful successors are tripping over themselves to promise harsh, fast cuts to appeal to Trump and jockey for the job
The dollar is going to be devalued like never before and not a single thread?
I've never been a gold bug but if you hold dollars it's time to get rid of them. Stock market at all time highs, housing prices at all time highs, still plenty of fraud and zombie companies in the market that need to be weeded out with some harsh market conditions - but they're gonna cut rates to juice this baby even more,. And tariffs on top of that? Inflation is going to be completely out of control. And once Trump nominates some sycophant as FED chair, all remaining trust in the currency will be gone, the world will flee the dollar and you're going to see gargantuan amounts of dollars flow back into the US, making inflation even worse. Diversify or die.

>>513879899 (OP)
Yeah. The USA actually needs very harsh medicine to stop the markets from further decoupling from reality but the fact of the matter is every country is basically doing the same thing but even worse, or has an overall bad capital environment. China could seize the position of reserve currency at this point but doing so would require them to give up a lot of control of their capital markets.

Trump has badly weakened what was a relatively decent US global financial position, historically weak, but strong relative to assumptions of what the position would be in the 2020s from 20 years ago. Moreso than anything through his constant breaking and renegotiation of deals he already agreed to on a whim. If you do shit like that eventually people stop trusting you, even if you control access to the biggest consumer market. He lives in the boomer delusion fantasy that the US is the only important country. It's the most important country but this isn't the postwar world he grew up in where every other country was a raped and devastated shithole.

>>513880355
I'll never understand how Trump could look at the relationships and systems that have made the US the wealthiest, most powerful country in the last 50+ years and conclude that actually, they're the ones getting screwed, time to blow it all up.
Pure boomer delusion I guess.

>>513880651
It's almost shocking how badly he's played the hand given to him. Total bull in a china shop sort of deal. He's not wrong that we need radical action on immigration and action on reindustrializing the US economy, but part of that reindustrialization needs to be deeper supply chain integration with Canada and Mexico.

People can't even make any long range calls on this though because the entire dealmaking process is so uneven. It's basically a complete loss of 4 years when the US needs a hard course correct within 15 to avoid a catastrophe.

>>513879899 (OP)
Powell should do a huge 300 bps rate cut all at once as a final fuck you to Trump kek crash it all down to the GREATEST DEPRESSION

>>513883004
Drastic cuts would be a fuck you to the american people. Rate hikes would probably cause mass unemployment.

Also while I don't think rates should be cut, I feel like I should say I don't have a crystal ball. The labour market is extremely fragile, it may very well be a bigger, more pressing issue than the threat of inflation.