While the article is accurate, in that long bond rates are set by the market and would likely rise if Powell were fired, that isn't the whole story. The Fed could move to push the long bond rates down with quantitative easing - printing money to buy the bonds to keep the rates low, expanding it's balance sheet. It's what was done in the wake of the 2008 financial crisis and again following covid. Of course, that would boost inflation, which is already elevated, and fuel asset bubbles, and would be an imprudent course of action, but lets be real, it's likely what is going to happen.
N0t_5ure
Honestly, I think he's just a political opportunist, with no real convictions. He sets his sails with the direction the wind is blowing. He's nominally a democrat, because that is the prevailing party in California, but I guarantee he'd flip if the political calculus were in favor of doing so.
Not if gerrymandered correctly.
No way his resting heart rate is 62bpm. The man does not exercise.
This is the cornerstone of a consumer economy. Planned obsolescence is also part of it, with the "next generation" of whatever becoming the "must have" thing. Consider the styling changes to cars, especially the tail fin wars of the 1950s, or the cell phone market today. My Pixel Pro 6 running Graphene OS completely fills my needs, though it's 3 generations old.
He's creating an imaginary world where someone else is responsible for appointing Powell, because Trump only hires the best people.
His neck skin looks surreal.
I love how they classify any republican that doesn't do what they want as "RINO" (Republican in name only). Nearly all republicans voted against releasing the Epstein files. When republicans are pretty well unified in protecting pedophiles, and indeed put one in the oval office, it would seem that the name "republican" is shorthand for pro-pedophile.
I live in San Diego, and bike a lot. These bike lanes are all over San Diego. They have small street sweepers that fit in there to clean them.
The City of Vista is a community that is part of the urban San Diego landscape, and a couple of decades back it was somewhat rural, which was changed by the suburban sprawl. However, there are still a lot of rednecks that live there, and bike lanes are often viewed by these folks as "liberal bullshit", and blame them for displacing car lanes and parking.
While the video notes that some unspecified bike users don't like the lanes, I'm highly skeptical of that. I ride in similar lanes all over San Diego, and they are a godsend, as they do a good job of keeping cars separated from bikes. A more likely explanation is that the "bikers" complaining are typical conservative rednecks that hate bike lanes in general, and not the people that actually use bike lanes.
Now, in a bid to reignite sales, Tesla has reversed course. The Model Y Long Range All-Wheel Drive now has a starting price of, according to the company’s website, $64,990—a full $20,000 less than its peak. The likely explanation for this dramatic reversal is a major strategic pivot: the new, cheaper Model Ys are reportedly being imported from Tesla’s Gigafactory in Berlin, Germany, allowing the company to bypass the steep tariffs on U.S.-made vehicles.
Funny how tariffs work. Trump thought he'd incentivize U.S. production, but in this case he's displacing U.S. production with German production.
Musk is now talking about having Tesla invest in his xAI company, which I find to be a transparent attempt to try to leverage the AI mania to prop up Tesla's stock price. Eventually this will all come crashing down, but as the saying goes, markets can remain irrational longer than you can remain solvent, so the collapse may take a while.
Darwin Award candidate.