Wall Street Journal (April 21)
“If the White House wanted a test of how firing Jerome Powell would go over in the markets, it succeeded on Monday. U.S. stocks and the dollar plunged while yields on long-term Treasurys climbed after President Trump renewed his attacks on the Federal Reserve Chairman.” The President “thinks he can bully everyone into submission, but he can’t bully Adam Smith, who deals in reality. Markets know tariffs are taxes, and taxes are anti-growth.” It is clear that the “Trump tariffs are the biggest economic policy mistake in decades.” What remains unclear is the President’s ability to see reality. “Markets are spooked because they don’t know if Mr. Trump listens to anyone but his own impulses.”
Tags: Adam Smith, Anti-growth, Attacks, Bully, Dollar, Fed, Firing, Markets, Mistake, Plunged, Powell, Reality, Spooked, Stocks, Submission, Tariffs, Taxes, Treasurys, Trump, U.S., White House, Yields
Bloomberg (June 15)
“If Toshiba Corp. tried to bully hedge funds through the government, that’s a bad look all around. The only parties who come off well are the activists the company allegedly aimed to suppress…. In the end, it looks like activist hedge funds aren’t so big and bad after all. They’re doing what they’re supposed to do. Now it’s open season for Japan Inc.”
Tags: Activist, Activists, Bad look, Bully, Government, Hedge funds, Japan Inc., Suppress, Toshiba
NBC News (January 20)
“On Tuesday, the impeachment trial of President Donald John Trump will begin in the United States Senate. It ought to be a moment of pride in our constitutional order, a testament to the framers’ vision that no one, not even a president, is above the law.” But instead of “patriotic duty,” this trial is being driven by fear. Ultimately, in years to come, “many Republican senators will wish they’d been driven not by fear of a bully, but by the courage of their convictions, and pride in carrying out their solemn duties.”
Tags: Bully, Constitutional order, Convictions, Courage, Fear, Impeachment, Patriotic duty, Pride, Senate, Trial, Trump, U.S.
