Wall Street Rejects Trump's Bill.

21 May 2025 18:59 #1 by FredHayek


The Fed tried to sell more debt to fund future Congressional spending today and there were few buyers. Rates went up to 5.1%.

Usually the Fed is the price maker but after five years of outrageous spending they have become price takers. Expect to see interest rates rising throughout the United States.

Thomas Sowell: There are no solutions, just trade-offs.
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21 May 2025 19:20 #2 by FredHayek
Bitcoin, seen as a hedge against inflation just reached a new record of $110,000!

And the increase in interest rates ended a nine day rally on the NASDAQ.

Thomas Sowell: There are no solutions, just trade-offs.

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22 May 2025 19:40 #3 by FredHayek
Did Elon Musk go home once he realized the Republicans were never going to actually lower spending and are actually increasing it?

DOGE was just a Potemkin village? In fact, much of the money going to USAID NGO'S will return.

Thomas Sowell: There are no solutions, just trade-offs.

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23 May 2025 17:30 #4 by PrintSmith
As a "special government employee" Musk is limited to working 130 days a year. Today would be day 123 if he was working everyday of the Trump administration.

Perhaps its more along the lines of keeping some of the days available if needed later in the year . . .

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24 May 2025 08:14 #5 by homeagain

PrintSmith wrote: As a "special government employee" Musk is limited to working 130 days a year. Today would be day 123 if he was working everyday of the Trump administration.

Perhaps its more along the lines of keeping some of the days available if needed later in the year . . .

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SURELY U JEST.....????

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29 May 2025 11:12 #6 by PrintSmith
Surely I do not. Musk's time as a "special government employee" has an expiration date attached to it, 130 days. However, Trump may seek the advice and counsel of Musk as an informal advisor without any time limits at all being imposed, so just because Musk's time as a "special government employee" is ending, don't expect Musk's influence upon decisions to be ending anytime soon . . .

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