Wednesday, September 18, 2019
KANSAS CITY DEBATE OVER PREZ TRUMP 2020 INTENSIFIES AMID FED RATE CUT CRISIS, IRAN THREAT AND UAW STRIKE!!!
As we slouch toward 2020, Prez Trump remains the focus of pretty much all political discourse at its heart.
Two divergent opinions and/or news:
Newsweek: Donald Trump's Approval Rating Surpasses Obama's, Not Just On Rasmussen Reports
Esquire: The President* Doesn't Know Anything About Anything, But He Can Feel Things Slipping
A very smart TKC Reader offers economic perspective that gives us a bigger picture of the world to come . . .
The Fed Open Market Committee cut rates another 0.25 point as expected, but their house is divided with 3 members dissenting.
The vote was 7-3 in favor of the move, with the majority of dissenters demonstrating a more hawkish bias. Kansas City Fed President Esther George and Boston Fed President Eric Rosengren favored leaving rates unchanged. St. Louis Fed President James Bullard favored cutting rates more deeply by 50 basis points.
In 1987, the Fed cut 0.75 points following the market crash.
In 1998, the Fed cut 0.75 points following the Russian default and Long Term Capital Management (LTCM) implosion.
Now in 2019, the Fed cut 0.25 point on July 31,may cut another 0.25 point on September 18, then leaving only the October 30 and December 11 meetings into year-end.
And so we ask our evening TKC BLOG COMMUNITY denizens . . .
WILL PREZ TRUMP STAY WINNING OR LOSE SUPPORT AMID UPCOMING HARSH TIMES?!?
Fox4KC: If the GM strike drags on, experts warn a Midwest recession could follow
VICE: How the GM Strike Threatens Trump in 2020
Marketwatch: Fed lowers interest rate by a quarter-point, and is open to the idea of more easing
AOL: Trump hammers Fed, Powell for lack of 'guts, vision' on rate cut
CNN: Pompeo says Saudi attack an 'act of war' as Trump sounds more cautious note
Politico: Lindsey Graham to Trump -- 'The Iranians are your target audience, not me'
Bloomberg: Trump Seeks New Iran Sanctions as Pompeo Consults Saudi Arabia
Patheos: Preacher: Trump Will Bring About the “Greatest Spiritual Awakening in History”
Developing . . .