WASHINGTON—Stating that “It has treated me very unfairly,” on Friday Donald J. Trump fired his bathroom scale.
“I told it to lower my weight to 215 and it refused,” he said. “It’s as bad as Jerome Powell.”
Claiming that the bathroom accessory was “rigged by Biden,” Trump said that he had ordered Attorney General Pam Bondi to prosecute the scale for treason.
"You can't make someone listen to reason if they aren't willing to think"-- Ray Bradbury, Fahrenheit 451
Ironically, the jobs report significantly increase the odds of a rate cut by the Fed.
@aloha-hoosier if they were actually able to report the data accurately they would most likely already have cut rates. However, Powell is behind again, which isn't surprising and another example why the FED shouldn't exist.
Ironically, the jobs report significantly increase the odds of a rate cut by the Fed.
I wouldn’t say significantly. One data point doesn’t impact policy yet. If the trend continues, you bet.
Ironically, the jobs report significantly increase the odds of a rate cut by the Fed.
I wouldn’t say significantly. One data point doesn’t impact policy yet. If the trend continues, you bet.
plus inflation was slightly up. If the target goal is 2%, it becomes a debate on jobs vs inflation.
@jdb to be fair to Aloha it was 3 data points and the predictive markets moved significantly.
WASHINGTON—Stating that “It has treated me very unfairly,” on Friday Donald J. Trump fired his bathroom scale.
“I told it to lower my weight to 215 and it refused,” he said. “It’s as bad as Jerome Powell.”
Claiming that the bathroom accessory was “rigged by Biden,” Trump said that he had ordered Attorney General Pam Bondi to prosecute the scale for treason.
Powell has screwed the pooch before. Massively. A scale most likely won’t unless it has some sort of defect.
I’m pretty agnostic on near term interest rate cuts. Both sides have good arguments. But there’s no way to look at Powell’s actions and not see some sort of favoritism. The guy was all about easy money for years.
Powell is politicizing the Fed, even if inadvertently, just as much as Trump.
@carramrod yep, which will always be the case. Free markets are better than centralized control systems. Having a few dorks set the rates is stupid. I always enjoy people like JDB who claim to be for free markets, but advocate for the FED.
40% of Nobel Prize winners for the United States in chemistry, medicine, and physics since 2000 are not native-born
But we don't want those dirty foreigners any more
And they sure don't feel welcome here
I heard Neil DeGrasse Tyson in Indy and he quickly discussed his book "Accessory to War". I picked it up. He details how so many of our science expenditures are dual purpose. A better camera to look at the cosmos also looks inside Russia and China. So American scientists, like him, are deeply part of the military even if it makes them uncomfortable.
He gave the figure of 35% for foreign born Novel winners, , but that was written in 2018. He said Americans were getting fewer doctorates in math, physics, chemistry, and computer science. In addition, many current scientists are boomers who will leave soon. Oh, he also included masters in engineering. In other words, we DO have a brain drain.
Our military is based on our high tech. If/when China passes us, or just catches us, in technology; their superior numbers will be decisive.
He also points out how the market pushes a lot of Americans into finding out how to put more blades on a razor and infuse it with mineral oil. Something that doesn't have a lot of national security implications but pays really well
Like it or not, likely the next wonder weapon won't be designed by the guy with a high school degree.
So if we keep making foreigners feel unwelcome it WILL have an impact.
@arthur-dent Trump has at various time said he wants to “staple green cards to degrees” in high value fields.
When MAGA started infighting on H1B’s, Trump came down in the side of the tech bros.
Why are you conflating taking a tougher line towards foreign agitators on college campuses and those in STEM fields who Trump has been nothing but supportive of?
@arthur-dent Trump has at various time said he wants to “staple green cards to degrees” in high value fields.
When MAGA started infighting on H1B’s, Trump came down in the side of the tech bros.
Why are you conflating taking a tougher line towards foreign agitators on college campuses and those in STEM fields who Trump has been nothing but supportive of?
DBM made multiple posts touting, "native born". That sort of thing WILL discourage foreign born from wanting to come here. "Sure, come, but you are second class" isn't the way to win people.
@arthur-dent I won’t speak for Dbm. But I feel like he is not speaking in terms of high skilled jobs. If we are to believe that low skilled immigration suppresses wages, would we not want to keep that metric and work to change it?
@carramrod it requires some deft to tell one group of foreigners "we love you, please come" and another, "you are worthless trash, get out". Deft hasn't been the strong suit to a group that believes anything nice is "woke".
@arthur-dent China has very little to no immigration. Why are we having a brain drain, but they aren't? Or will China eventually have one?
@carramrod it requires some deft to tell one group of foreigners "we love you, please come" and another, "you are worthless trash, get out". Deft hasn't been the strong suit to a group that believes anything nice is "woke".
I see immigration as more about the individual. Are they a net benefit? What are their skills? Etc.
I don’t engage in the group identity politics that you enjoy so much.