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“Whenever you find yourself on the side of the majority, it is time to reform (or pause and reflect).”
― Mark Twain
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Neither Power Nor President Hold Enough Strings To Matter
Bill Pulte, the FHFA director (and Trump ally), claimed he’s “encouraged by reports that Jerome Powell is considering resigning.” As if he knows anything, 😂. These comments, combined with an almost spiritual belief that the President and Fed hold all the strings within the global economy, triggered some late day selling.
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