#Wullweber wants stronger #EZB and have it more politically aligned.
This gives politics (and collective society) a bigger lever to tackle things like #climatechange or #housing or #social issues more effective.
BUT
3 years later, we see how important an independent central bank is to keep #inflation low (via high rates): https://www.youtube.com/watch?v=5nvsDmwZWdM
People like Trump or Erdogan want low rates just before elections, so that #economy is heated up and everybody happy to further concentrate power. He does not care that this is a guaranteed path to a future crash and exploding inflation which affects ordinary people more than than those who don't need to work to pay their bills.
#fed #corruption #Inequality #taxTheRich #JeromePowell #bonds #treasuryBonds #Stocks #ETFsAreNotSustainable
It’s not just the US Dollar that is under threat, #USTreasury bonds are also losing prestige and their “safe haven” status is threatened. This is what volatility, unpredictability and insults will do to the US #Economy. #economics #TreasuryBonds #TreasurySellOff
Strange sell-off in the dollar raises the specter of investors losing trust in the US under Trump
#usdollar #us #dollar #global #reserve #currency #trade #commodities #goods #shipping #logistics #business #imports #exports #brics #usa #G10 #wallstreet #investors #traders #stocks #selloff #bonds #treasury #treasurybonds #treasuries #mainstreet #assets #currencies #usa #markets #equities
Among the threats tariffs pose to the U.S. economy, none may be as strange as the sell-off in the dollar. Currencies rise and fall all the time over inflation fears and other factors, but economists worry the dramatic dollar drop shows a loss of confidence in the U.S. as President Donald Trump tries to reshape global trade. If true, the blow could be big. The special status of the dollar as the medium of international trade and a safe haven has allowed the U.S. government, consumers and businesses to borrow at low rates even as debts have ballooned, which has helped speed economic growth.
The U.S. dollar’s role as the de facto global reserve currency is looking increasingly uncertain
#usdollar #us #dollar #global #reserve #currency #trade #commodities #goods #shipping #logistics #business #imports #exports #brics #usa #G-10 #wallstreet #investors #traders #stocks #selloff #bonds #treasury #treasurybonds #treasuries #mainstreet #assets
Mortgage applications dropped last week as rates shot up
Tariff turbulence is beginning to show up in housing data.
#us #homebuyers #usa #mortgage #rates #mortgages #housing #homes #trump #tariffs #american #family #tax #spending #business #taxes #tariff #trade #mba #bankers #loans #lenders #originators #fha #heloc #families #shelter #americandream #refinancing #refinance #GSEs #treasury #yields #bonds #treasurybonds #interest #finance #financing #economy #economics #uspol #politics #usgov #gov #government
The Trump administration, its allies, and supporters are working to trash the dollar, Treasuries, and the overall economy so the crypto bros can come in to start tearing apart the Federal Reserve and extend the scam of crypto currency to steal trillions of dollars from the U.S. government, its citizens, and the world.
The chaos is the point, not a mistake.
Gold isn't at a peak valuation by mere coincidence.
#USPol #dollar #FiatCurrency #TreasuryBonds #gold #crypto is a scam, all of it, period
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Ricardo Harvin