President Donald Trump is a genius
He’s an absolute genius when it comes to public relations, propaganda and manipulating public opinion.
As his latest shock-and-awe campaign against Federal Reserve Chair Jerome Powell shows.
Trump, having begun the decline in the U.S. dollar that he wants, and having possibly caused a recession that he may also have wanted, is now engaged in a brilliant campaign to blame it all on somebody else.
Every “populist” needs a clear enemy, and Trump has found his: Powell (who, incidentally, was appointed to his job in 2017 by that well-known agent of the Deep State, President, er, Donald J. Trump).
A falling dollar brings some of the benefits of a tariff, with little of the hassle.
It makes imports more expensive in the U.S. And it makes our exports cheaper to foreign consumers.
Nothing helps tribalism like having an enemy, whether it’s “illegal immigrants” or “Crooked Hillary” or “the Deep State” or “the FAKE NEWS MEDIA” or a “Mexican” federal judge (from Indiana) or “Lying Ted Cruz” or “Lil Marco” or “Low Energy Jeb” or “Sleepy Joe Biden” or “Ron DeSanctimonious” or “the FAILING New York Times” or “Crooked Joe Biden” or “Crazy Kamala,” or all the others too numerous to count.
Today’s enemy is “Mr. Too Late” and “major loser” Jerome Powell, who is apparently killing the U.S. economy by failing to cut short-term interest rates.
Brett Arends MarketWatch 21 April 2025
Brett Arends is an award-winning financial writer with many years experience writing about markets, economics and personal finance. He has received an individual award from the Society of American Business Editors and Writers for his financial writing, and was part of the Boston Herald team that won two others. He has worked as an analyst at McKinsey Co., and is a Chartered Financial Consultant.
His latest book, "Storm Proof Your Money", was published by John Wiley Co.
Storm Proof Your Money: Weather Any Economy, Rebuild Your Portfolio, Protect Your Future Hardcover – December 30, 2009
by Brett Arends
https://www.amazon.com/Storm-Proof-Your-Money-Portfolio/dp/0470482680
How Trump wields and uses attention.He’s a master at it. And I’d say he has a disciple, an ally, in Elon Musk.
Democrats Are Losing the War for Attention. Badly.
https://englundmacro.blogspot.com/2025/01/how-trump-wields-and-uses-attentionhes.html
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