Nowhere in this statement was it mentioned that Trump is a fool ass punk and should suck it. What gives?

Oh good Clarence Thomas will decide the fate of the economy of the planet earth

Good luck to her, the Supreme Robed Wizards aren't known for being consistent.

How about saying that mere allegations do not constitute cause for firing her? Or even that the Fed stands behind her while these matters are being addressed by the courts? Or something even mildly supportive?? Cowards.

bsky.app/profile/cape...

master class in playing it cool, hope that was the right way to play it

am mildly concerned that it may not be

I don't think the Fed could play it NOT cool, they SHOULD play it as cool as possible. Their whole thing is dispassionate action, that's what they're protecting! Everyone else outside the Fed has the responsibility to be heated enough to make up for it, though.

Could it say much different other than if not defending her? Particularly as reference to abiding by courts nods to likelihood of supine SCOTUS Found Trump's bidding in any event?

yes, it's a neutral statement from a currently neutral entity. but it is also an appeal to Congress, who are so far not up to the challenge.

i think that depends on some people in black. if you can get through this without seeing another scare card though i think it's right

I think it’s right. It’s been proven over and over that responding to Trump emotionally only hurts you in the long run. Don’t be deferential but draw clear lines.

will defer to your far more informed proximate knowledge. it starts to be a genuine concern though overseas.

i mean if the tepid market reaction plus the comparatively chill Fed reaction convinces the supreme court that it's fine to let Trump fire Cook then it's a disaster

What does "disaster" mean for you in this context?

Politicized and/or corrupt Fed, monetary catastrophe, global immiseration followed by end of dollar as reserve currency

The first is all but a fait accompli, I'd imagine. The others, given that the markets are cool to this, becoming permanent slow-burn problems, but probably not any ready-bake crash

I think it depends why the markets are cool

My estimation is that markets don't actually operate on a sound logic: they respond chiefly to how other people are responding. They've been eased into gambling on Trump's moves paying off, and they assume it will happen again. It's a Trump bubble, and it could take years to pop.

*immediate monetary catastrophe followed by a frenzied attempt to put the bunny back in the box

I think if that were going to happen, the market would have shown it by now. Easing them in gradually through court rulings makes it way more likely nothing crashes immediately. It will take time for the unsound dollar to fall apart, though it will.

I’m no economist, but I don’t understand why the bond market didn’t drop today? Seems just totally unmoored from the fundamentals

The market is not always logical, because people's money depends on performance. See the German market in the 1930s-40s thats been floating around: investors will eat the propaganda if it makes them stay invested in the market. You need a BIG shock (like Stalingrad) to truly change momentum.

Bubbles can stay bubble-y for a long time before popping, as well. See 2008, for example: it arguably started earlier and for different reasons than a hedge fund collapse, but Lehman Brothers going down was the signal event that changed momentum.

Muddled “process” issue - but not too confident with that. Simplest, there is no alternative, world’s financial system runs on dollars and how else are you going to get them? So everyone is locked in with us. EU not stepping up, only plausible alternative.

markets should be freaking out more either way tbh. People are too focused on the firing thing, instead of what Trump is signaling about who he will appoint. He will be able to appoint governors either way

i could 100% see this court misread the market saying TACO for "it's no big deal"

I'd raise rates 200 points and shut down swap lines.

I would lower to zero, immediately add $100 trillion to money supply, and get the popcorn ready.

While this would benefit me personally, I'd rather we popcorn to higher rates and increased money supply, jut hand out free cash to the populace.