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Filtering by entity: Jerome “Too Late” Powell | Clear Filter
Summary:Today’s Jobs Numbers were rigged to undermine Republicans and Donald Trump, similar to a massive downward revision of over 818,000 jobs on November 15, 2024, after the 2024 Presidential Election, which is described as a total scam. The post also criticizes Jerome Powell but concludes that the country is doing great.
Sentiment:Vindicative
Key Claims:
- Today’s Jobs Numbers were rigged to make Republicans and Donald Trump look bad.
- Three great days around the 2024 Presidential Election were followed by numbers being 'taken away' on November 15, 2024.
- Jobs Numbers were massively revised downward by over 818,000 jobs after the 2024 election.
- The revision of jobs numbers was a total scam.
- Jerome Powell is ineffective.
- The country is doing great.
Potential Market Impact (S&P 500):3/10
Potential Geopolitical Risk:0/10
Potential Global Cross-Asset Impact:4/10
Summary:The post argues that high interest rates, maintained by Jerome Powell, are detrimental to the national housing market and families, and are causing the country to incur excessive debt, suggesting a significant reduction in rates would lead to substantial annual savings.
Sentiment:Critical
Key Claims:
- Housing in the country is lagging.
- The lagging housing market is due to Jerome Powell's refusal to lower interest rates.
- Families are being hurt by high interest rates.
- The country is paying a higher interest rate than it should.
- The current interest rate should be three points lower.
- Lowering the rate by three points would save the country $1 Trillion per year.
- Jerome Powell is stubborn and does not understand the situation.
- The Federal Reserve Board should act but lacks the courage.
Potential Market Impact (S&P 500):7/10
Potential Geopolitical Risk:0/10
Potential Global Cross-Asset Impact:8/10
Summary:The post details the author's refutation of a Wall Street Journal story that stated Secretary of the Treasury Scott Bessent explained the negative market impact of firing Jerome Powell. The author asserts his superior understanding of market dynamics and credits himself for the current record high market, while labeling Jerome Powell as the "Worst Federal Reserve Chairman in History." The author concludes by stating that he is the one who explains to others.
Sentiment:Vindicative
Key Claims:
- The Wall Street Journal ran an untruthful story.
- The untruthful story claimed Scott Bessent explained to the author that firing Jerome Powell would be bad for the Market.
- The author did not need this explanation because he knows better than anyone what is good for the Market and the U.S.A.
- If not for the author, the Market would not be at record highs and would have crashed.
- Jerome “Too Late” Powell is the Worst Federal Reserve Chairman in History.
- People do not explain things to the author; the author explains to them.
Potential Market Impact (S&P 500):2/10
Potential Geopolitical Risk:0/10
Potential Global Cross-Asset Impact:2/10
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