19th Ward Chicago: Is it a deliberate attempt to sink the market?

Wednesday, December 19, 2018

Is it a deliberate attempt to sink the market?

Federal Reserve hikes interest rates in defiance of Trump - and its chair tells president 'nothing will deter us' from more raises as share prices plunge after move

The Federal Reserve announced its decision on rates after extraordinary public pressure from the president
Hike of 0.25 per cent
Benchmark rate at 2.5 per cent
Said more rate increases were appropriate
News wiped away morning 350 point gain in the Dow
Powell said 'political considerations play no role whatsoever in our discussions'
Said 'nothing will deter us from doing what we think is the right thing to do'
Trump on Tuesday argued against a hike and urged the Fed to 'feel the market'
He has also attacked Fed Chair Jerome Powell in interviews and on Twitter
Decision comes amid a strong job market but some signs of economic cooling
A volatile market has wiped out 2018's stock market gains
The move impacts borrowing across the board

6 comments:

Beans12/20/2018
Yes.

Next question.
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Anonymous12/20/2018
It's a deliberate attempt to sink the President.
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Anonymous12/20/2018
time for another fed reserve chairman
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Anonymous12/20/2018
This is a deliberate attempt to crash the economy. The Globalists hold over 50% of the world's wealth, and can manipulate the economy anytime they wish.
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The theme of this blog has changed. We are now headed into a period of extreme political and economic troubles. We want to increase everyone's awareness and show them how to weather the storm. We are going to begin including articles and videos on prepping (food, water, shelter, medicine, self-defense,) basic economics and general SHTF lifestyle changes.

I am not going to be critical of 19th ward politicians. They tend to do the best job they can with very limited resources, and don't need to be beaten up. In fact, people should be helping them as they are among the last "normal" leaders in Illinois.

I am keeping the 19th Ward Chicago name because of the rich blog history going back to 2010 and because there is a ready-made base of similar-thinking readers. For now on, the 19th Ward of Chicago will be mainly a point of reference, an observation deck if you will. A place where allot of good-natured, normal-thinking people still live and can safely view the dysfunction overtaking America. Write whatever you want about whatever or whomever you want. Just keep it true and not vulgar.

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