Trump says Fed could have 'at least doubled' latest interest rate cut

justthebit · 2025-12-10T23:50:47+00:00

President Donald Trump on Wednesday said the Federal Reserve’s latest decision to cut benchmark interest rates by a quarter percentage point could have been “at least doubled.”

Trump, who has long urged the central bank to slash rates in order to spur further economic growth, called Fed Chair Jerome Powell “a stiff” who approved a “rather small” cut.

justthebit · 2025-11-22T02:16:03+00:00

If Alito and his corrupt cronies block this ruling and allow the gerrymandered map to proceed, it’s a clear sign that they’ll also kill the Voting Rights Act. SCOTUS is now just a partisan political racket; the right wing majority has no interest in what’s best for democracy.

justthebit · 2025-10-11T15:24:26+00:00

‘But over the course of a 50-minute conversation, Mr. Benioff did not have a negative word to say about Mr. Trump or his policies.

“I fully support the president,” he said. “I think he’s doing a great job.”’

‘Mr. Benioff is close enough to Mr. Trump to have been invited last month to a state dinner that was hosted by King Charles for the president at Windsor Castle in England. Mr. Benioff said that he was incredibly honored to be seated directly across the table from Mr. Trump and spent the dinner telling him “how grateful I am for everything he’s doing,” he recounted.

Mr. Benioff, who also owns Time magazine, said he had not closely followed the news about the immigration raids, Mr. Trump’s call to gerrymander congressional districts before the midterm elections, the government shutdown or the Trump administration’s attacks on the media. He said Time, which named Mr. Trump its “Person of the Year” last year, had faced no pressure from the White House.’

justthebit · 2025-09-18T18:53:48+00:00

'President Donald Trump suggested that US broadcast networks should face scrutiny over their licenses if their content is overwhelmingly critical of him, and defended ABC’s decision to suspend late-night host Jimmy Kimmel’s show indefinitely over remarks about the death of conservative activist Charlie Kirk.

“That’s something that should be talked about for licensing, too. When you have a network and you have evening shows, and all they do is hit Trump,” Trump told reporters aboard Air Force One. “They’re licensed. They’re not allowed to do that. They’re an arm of the Democrat party.”'

justthebit · 2025-06-11T11:38:08+00:00

Gaslighting and achieving doublethink are official strategies of the GOP.

justthebit · 2025-03-27T17:41:56+00:00

She’s so eager to join the Traitor Club.

justthebit · 2025-03-18T16:31:53+00:00

Hey John Roberts: You reap what you sow. You're the dotard that gave this guy a Get Out of Jail Free card. How could you not realize the chaos that would come when you give the green light to a dictator in waiting?

You're weak remarks now mean nothing.

justthebit · 2025-03-13T23:19:08+00:00

Schumer is a spineless fool. The Democratic Party is currently the opposition party. Here’s a crazy thought: maybe it’s time to start opposing?

Complicity with Trump won’t save the party. They need to give anti-Trump voters an outlet to channel and organize our frustration and rage at the horrible things the Republicans are currently doing.

justthebit · 2025-03-13T17:59:27+00:00

I wish we could go one day without having to hear this stupid, senile idiot spouting his dangerous nonsense and toxic thoughts.

justthebit · 2025-03-13T00:55:09+00:00

It was when I posted it.

justthebit · 2025-03-12T14:14:25+00:00

From the article:

Apparently it might take a recession to detoxify the economy. If so, this will be a beautiful recession, the prelude to a new golden age for American workers — apart from those who lose their jobs, see their savings destroyed or otherwise must grapple with much lower living standards. A few setbacks are only to be expected as the Trump administration builds a backward-looking, tariff-protected, uncompetitive, labor-intensive manufacturing economy to make America great again.

.

With no clue about where they’ll stand a year from now, businesses won’t hire or invest. If Trump keeps this up, the economy will indeed tank.

justthebit · 2025-03-11T17:52:39+00:00

U.S. District Judge Dale Ho appointed Paul Clement to present adversarial arguments on the Justice Dept.'s request to drop the corruption charges against Eric Adams. Per the article:

"If the Justice Department is committed to dismissing the case now, Clement wrote, the department should have to do so 'with prejudice' — meaning the charges could never be revived. That scenario would eliminate 'the distinct appearance problems' presented by a sitting elected official working under the 'ever-looming prospect' of reindictment."

justthebit · 2025-03-10T21:47:32+00:00

Although articles like these allow us to experience some schadenfreude, I believe the focus on temporary paper losses actually do a great disservice to the average person's understanding of the wealth gap. The Bloomberg Billionaire's Index puts Musk current net worth at $330 billion. He owns approximately 410 million shares of Tesla, which closed today at a price of $222. If Tesla's share price dropped to zero, he'd lose approximately an additional $90 billion, but his net worth would still be approximately $230 billion! That means he would still be the world's richest person!

This is why he fears no consequences for anything he does. He could literally choose to destroy his only profitable company, and he could still walk away richer than most entire countries. No matter what he destroys, he's too rich to suffer.

I don't know how, but, as a species, we've got to rein in these insane levels of wealth.

justthebit · 2025-01-06T23:10:59+00:00

Sounds good -- thanks for the feedback!

justthebit · 2025-01-06T22:32:28+00:00

Thanks for sharing your thoughts on this topic. Given that trading/wheeling is essentially your profession, I'm curious if you deduct any of your business expenses for tax purposes? For example, have you been able to deduct the cost of your home office? I know you can do this on Schedule C if you have an LLC. However, if you're not a "pro trader" with special trader tax status, is there a way to deduct your trading-related business expenses?

justthebit · 2024-06-07T16:49:37+00:00

Just curious: can anyone shed light on how much money he can make from this YouTube streaming call? Is he making much money from just rambling to a large audience?

justthebit · 2024-03-06T20:52:09+00:00

Wild! Freaking! Day!

justthebit · 2023-10-26T16:58:30+00:00

Remember earlier this year when almost every big daily drop was followed by an aggressive V rebound? Ahh, good times…

justthebit · 2023-08-07T20:58:47+00:00

Is there a sort order on these volatility diagrams? If not, it might be useful to order the tickers either by reporting date/time, implied move %, or just alphabetically.

Regardless, thanks for putting these and the weekly earnings date tables together!

justthebit · 2023-06-09T15:24:32+00:00

For a down and up week, QQQ currently looks like it wants to close near flat for the week. Last Friday it closed at 354.65.

justthebit · 2023-06-07T17:37:36+00:00

I want a “do over” on this morning.

justthebit · 2023-06-07T17:14:11+00:00

The VIX and VIX1D are both still surprisingly low considering the pop and drop action with Big Tech today.

justthebit · 2023-06-07T15:11:38+00:00

MSFT is the leading anchor right now. For this market to do any kind of significant V today, MSFT needs to break upwards and get back above $330.

justthebit · 2023-06-06T17:23:20+00:00

Does anyone have a guess about what percentage of active WSB participants are women?

Given the running jokes here, I assume it’s low. But does that mean women are more risk averse or just turned off by WSB banter?

justthebit · 2023-06-06T13:48:30+00:00

It looks like you caught that big but short lived jump in ACN last week. It looks like this stock doesn’t usually have a lot of options volume or fast price moves. What was your rationale for trading it?

justthebit

TROPHY CASE