Morgan Stanley Strategist Warns of Equities Sell-Off in Response to ‘Hawkish’ Fed Message - On Monday, Morgan Stanley’s equity strategist, Michael Wilson, shared his thoughts... - https://news.bitcoin.com/morgan-stanley-strategist-warns-of-equities-sell-off-in-response-to-hawkish-fed-message/ #u.s.federalreserve #equitystrategist #federalfundsrate #monetarypolicy #interestrates #michaelwilson #morganstanley #jeromepowell #claudiasahm #paulvolcker #wallstreet #economics #economist

From Peter Bourne's bio on Carter, a quote from Bert Lance: "I want you to tell him something from me. He should not appoint Paul Volcker. If he appoints Volcker, he will be mortgaging his reelection to the Federal Reserve."

Lance was right, of course. Factor in Ted Kennedy primarying Carter and the Iran hostage crisis (which we now know, thanks to the recent New York Times story, was tampered with) and you are dealing with a well-meaning President who had the misfortune of not being fully aware of the consequences of his appointments or the enemies right under his nose. It's ironic that a man who performed diplomatic wonders with Begin and Sadat, as well as with the Panana Canal, could be so naive about the imperious treachery of those putatively in his corner.

If you can't pacify or neutralize egomaniacs in politics, they'll come right back at you full guns-a-blazing.

#jimmycarter #politics #paulvolcker

@mhanson101
Lots of other things were going on in the economy in the 1980s: continued deficit spending, #PaulVolcker 's fight against inflation, technological change, increased female participation in the workplace, etc. Tax reform was only one element of what was going on, and it's hard to say how important. But as a factual matter, the intent was as I stated: simplify, eliminate loopholes, lower marginal rates.

/end

@SusanHR @darnell @rbreich

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#money #retirement #investing #americanfunds #mutualfunds #paulvolcker

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► Money Memes #72

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@Viking

I agree Trump was no Austrian, he had no #PaulVolcker raising interest rates either. The stock market performance under Trump was pumped up by stimulus / deficit funding.

My opinions aside, I'm quoting Bannyon's rant as it is. He was on fire for this bit. Better to listen to it than read it.