Trumponomics

Fed acted the way I expected them to anticipating massive deficit spending and future policy related inflationary pressures. Took it on the chin on the market today, wishing I would have moved more to cash. All funny numbers at this point. thought it would be good to set up a thread to track the impacts of the decisions that are forthcoming and keep a summary of how they go down.

Dow plummets 1,100 points after Fed scales back plans for interest rate cuts

 

far from a biden apologists mut much of that was wither covid (slightly overdone by both parties) or real investment in real chit that will pay a long term dividend with infrastructure and onshoring critical industry knowhow and capacity. not just tax cuts for the rich and tariffs for the minions

 

Fire Linda Khan, the first anti-trust advocate in 30 years who actually met a merger she didn't like, so we can have less competition. that will help prices

rent - ftc suit agaisnt rent data accumulator/price fixer

groceries - ftc against monster merger to further reduce competition

lot of other items ftc is involved in will collapse. M & E willa ccelerate, profits will be wrung, competetion will go down, prices will go up. Yeah MAGA

Billionaire Trump supporter Elon Musk calls for firing of FTC chair Lina Khan - Raw Story

The world's richest man on Thursday joined the billionaire chorus calling for the firing of Federal Trade Commission chair Lina Khan, a consumer and antitrust champion whose aggressive actions against corporate consolidation have made her a target of prominent executives and Republicans in Congress.
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One of the Republicans who has praised Khan is Trump's running mate, Sen. JD Vance (R-Ohio), who said in August that the FTC chair has "been very smart about trying to go after some of these big tech companies that monopolize what we're allowed to say in our own country."

Under Khan's leadership, the FTC has filed suit against Meta, Amazon, and Microsoft and has taken concrete action to fix problems that Trump has claimed to want to solve.

American Economic Liberties Project (AELP), an anti-monopoly advocacy group that has celebrated Khan's work, said Thursday that Musk—who has spent at least $118 million supporting Trump's presidential campaign—"joins a long list of oligarchs who want [the FTC chair] fired for using her office to serve the public, not the rich and well-connected."

 

Leave this legal nugget with wide long impact here

https://www.reuters.com/business/fi...oost-transparency-trim-volatility-2024-12-23/

In June, the Supreme Court dealt a major blow to federal regulatory power by overturning a 1984 precedent that had given deference to government agencies in interpreting laws they administer. That precedent arose from a ruling involving oil company Chevron (CVX.N), opens new tab that had called for judges to defer to reasonable federal agency interpretations of U.S. laws deemed to be ambiguous.