$Opendoor Technologies (OPEN.US)$ tough time… open door defi...

10baggerbamm : but I thought there is software company one that flips real estate why would it matter about the jobs report

MoneyManyMan™ OP : job up also mean FED have more resistance on cutting rates…

10baggerbamm MoneyManyMan™ OP : current federal reserve is not going to do anything they're done there's not going to be any rate cuts until we have a new fed in which is May and unless they do emergency cut the earliest cut would be June and I think you're looking at at least 50 basis points ideally 75 when that happens the first cut.
the reason why I say nothing's going to happen and this is going to change when we have a new Fed chair right now you have all these fed governors that feel the need to get in front of the TV and voice their opinion in between fed meetings voice their comments around economic indicators that have come out and purely coincidentally everyone that's always interviewed is always against cutting rates so they always bring dallas-fed they always bring a lana fed Chicago fed New York fed and they're all against cutting rates they and against cutting rates this whole time so these are the people that are against President Trump and what's going to change when we have a new Fed chair is none of the FED governors are going to be permitted to have any commentary to the public they will answer directly to the Fed chair so that means when they get their paid speaking engagements for $50,000 where they try to be experts on the economy when they've been completely wrong they cannot voice their opinion on current macro and micro conditions because all that does is put pressure on the stock market all that does is keeps the story going we have no need for rate cuts. when we get the new Fed chair the 300 economist most of them are fired because they're useless as tits on a bull right now and he's going to lay the law the voice of the FED is me we have our meetings you speak in the meetings to the group you don't speak in between meetings if you feel compelled to do that resign your position and then you can speak all you want because all of these fed governors speaking all they do is cast the doubt that there's no reason to have any type of rate cuts going forward that's all they do

VicVegas007 10baggerbamm : 50 basis points cut? man are you in for a surprise. also there will be no new fed chair while the lawsuit is on

10baggerbamm VicVegas007 : yeah that one shit bag in Congress thinks he's going to hold back everything for a confirmation that's not happening.
he's basically trying to hold president Trump hostage is what he's trying to do and you're going to watch president Trump put a little bit of pressure on him you're going to find out that this guy did something illegally financially something's going to be brought up there'll be some pictures of him doing something that is not too good and you're going to watch what happens when you screw with President Trump as they say if if you don't want the horn don't fuck with the bull.
so he's going to get confirmed I guarantee it you can print this out and I'll make any bet on any predictive betting site that President Trump's selection will be approved and you are going to see a rate cut I don't know about an emergency rate cut in May but you will see one in June and I guarantee you that and it's going to be a big one

ASteffie 10baggerbamm : What if Susie says no?