Seed Newsvine
Trump sends handwritten note to Powell pushing for dramatically lower
interest rates
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President Donald Trump has continued to put pressure on Federal Reserve
Chair Jerome Powell to dramatically lower interest rates.
7 minutes ago
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SEEK FOR WHAT FITS YOUR SIZE, OBVIOUSLY. ...“While socialism offers a relatively calm existence, capitalism presents us with a state of continuous revolution. Creative destruction and capital expenditure booms. Except few were ever allowed to go broke in this cycle. Big government stepped in and took away the business cycle through a series of stimuli or truly unprecedented proportion,” Maraviglia said.
We are now at a point in the battle between democracy and capitalism where the politicians and the business leaders are set for conflict, according to Maraviglia.
“Let’s face it, Washington is a disaster. Political brinkmanship is quite clearly exacerbating what is an already Herculean task. When we look at Merkel, Sarkozy, Obama, and Chavez we see a slow wave of socialism building in the absence of a better solution,” he said.
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