gehringer_2 Posted Wednesday at 03:58 PM Posted Wednesday at 03:58 PM (edited) 22 minutes ago, Deleterious said: LOL - I get the resource play but why would you want to let any of that terrible management culture into your room? I'll grant it's been a few years now but I can tell you it wasn't just the headline stories, From first hand experience working in their facilities I'd say that the catastrophes were no accident. BP was the worst operator in the oil field at every level. Strikes me as having a similar potential to turn out like what happened when the M/D people moved into Boeing. Edited Wednesday at 04:02 PM by gehringer_2 Quote
Deleterious Posted Thursday at 02:44 AM Posted Thursday at 02:44 AM Powell stuck it in Trump yesterday when he testified in front of Congress. Paraphrasing. He said they would have already cut rates had there been no tariffs. But they can't because they all feel inflation is coming due to them. Figured that would elicit a response from Trump. It did. Quote
gehringer_2 Posted Thursday at 04:34 AM Posted Thursday at 04:34 AM 1 hour ago, Deleterious said: Powell stuck it in Trump yesterday when he testified in front of Congress. Paraphrasing. He said they would have already cut rates had there been no tariffs. But they can't because they all feel inflation is coming due to them. Figured that would elicit a response from Trump. It did. He talks about debt service, but the other half the equation is that if you want to deficit spend (Trump does) then you don't care about inflation because you get to pay back your debt with devalued dollars. And Trump will just claim inflation numbers are fake news or worse, gut BLS so there are no numbers and MAGA will slurp it up like everything else, because that's what cults do. Quote
Deleterious Posted Thursday at 08:17 AM Posted Thursday at 08:17 AM Disappointed with the Journal here. Not a single mention of the fact the Fed Chair has to come from one of the seven governors. Adriana Kruger is done January 31st, so nothing can happen until then. I suppose he could announce her replacement and mention he will also be his pick for Fed Chair. Even then, nobody is going to care if he names someone early. He won't assume any power until Powell is done at the end of his term in May. Trump Considers Naming Next Fed Chair Early in Bid to Undermine Powell Quote President Trump’s exasperation over the Federal Reserve’s take-it-slow approach to cutting interest rates is prompting him to consider accelerating when he will announce his pick to succeed Chair Jerome Powell, whose term runs for another 11 months. In recent weeks, the president has toyed with the idea of selecting and announcing Powell’s replacement by September or October, according to people familiar with the matter. One of these people said the president’s ire toward Powell could prompt an even-earlier announcement sometime this summer. Trump is considering former Fed governor Kevin Warsh and National Economic Council director Kevin Hassett, according to people familiar with the matter. Treasury Secretary Scott Bessent is being pitched to Trump by allies of both men as a potential candidate, some of these people said. Other contenders include former World Bank President David Malpass and Fed governor Christopher Waller. Quote
gehringer_2 Posted Thursday at 12:49 PM Posted Thursday at 12:49 PM I gave up on 'the Journal' 25 yrs ago. Have pretty much given up on the NYT, the local rags are but shadows of what they used to be, and Reuters now has a pay wall. Cable news is a wasteland, social media is run by algorithms that don't care about accuracy or truth. WaPo likes to say democracy dies in darkness - it's already gotten damn dim. Quote
Hongbit Posted Thursday at 12:52 PM Posted Thursday at 12:52 PM Those speculated names are nice but our next Fed Chair is definitely coming from Fox Business Channel. Quote
Tiger337 Posted Thursday at 09:57 PM Posted Thursday at 09:57 PM I personally like the higher interest rates. It makes it easier for me to invest in bonds and not be so invested in the Wall Street casino. Quote
Deleterious Posted Friday at 05:26 PM Posted Friday at 05:26 PM Loans on commercial property are different than homes. 10 year term on 30 year amortization. Which means at 10 years you have a balloon payment on the balance or refinance it. I wonder if some of his property is coming up on that. Lower interest rates would save him some money. Quote
Tiger337 Posted Saturday at 03:32 AM Posted Saturday at 03:32 AM On 6/26/2025 at 8:52 AM, Hongbit said: Those speculated names are nice but our next Fed Chair is definitely coming from Fox Business Channel. You don't think the president will follow the rules? Quote
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