The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell’s termination cannot come fast enough!
From Donald Trump Truth Social 04/17/25 06:12 AM
$DAL Reports Q1 $0.46 v $0.40e, Rev $14.0B v $13.8Be; Growth has largely stalled; Cuts capacity; Withdraws FY25 outlook due to uncertainty (Delta Air Lines Inc)
(More at https://t.co/oQqJ1AZKqH)
@The_Real_Fly I tried to explain it to the misses as “imagine you spent 5 years getting to know me, trust me, and be someone you can count on. Then tonight I came home and just punched you in the face.” The trust is going to be broken with allies as we’ve become too volatile to do biz with.
These companies are fierce profit margin defenders. Man, the layoffs are going to come fast and for jobs that AI may end up eating into anyway. Things are bad man.