TL;DR

Trump’s claims of not pressuring the Fed regarding interest rates seem suspect, given his history of market manipulation and focus on the 10-year yield. This could be a setup for another market crash, benefiting big players while leaving average citizens holding the bag.

Story

Trump’s ex-Treasury Secretary says Trump isn’t pressuring the Fed to lower rates. Sure, believe that.

This smells like the same old playbook: talk stability while playing games behind the scenes. Remember 2008? Subprime mortgages were “safe as houses” until they weren’t. History doesn’t repeat, but it rhymes.

They say they’re focused on the 10-year yield to “loosen the housing market.” ‣ 10-Year Yield: Interest rate on a 10-year government bond. Influences mortgage rates. Translation: prop up a shaky market. Like adding lipstick to a pig—it’s still a pig.

Who really benefits from a “loose” housing market? Not the average Joe losing his shirt. More likely, the big players waiting to scoop up distressed properties for pennies on the dollar. Déjà vu, anyone?

He’s also been pumping his meme coin. ‣ Meme Coin: Cryptocurrency based on an internet meme. This all reeks of manipulation. Create hype, inflate prices, dump on unsuspecting bagholders. Classic pump and dump.

Trump’s claiming he’s trying to help the economy, but he’s probably setting the stage for another crash. And when it all comes tumbling down, guess who’ll be left picking up the pieces?

Don’t be fooled by smooth talk. The wolves are always dressed in sheep’s clothing.

Advice

Don’t get caught in the hype. Question everything, especially promises of easy money. The market is a casino, and the house always wins.

Source

https://www.reddit.com/r/investing/comments/1ij8nlv/treasury_secretary_scott_bessent_said_donald/