this post was submitted on 15 Jul 2025
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If Trump fires the Fed’s Powell ‘both the currency and the bond market can collapse,’ according to Deutsche Bank (fortune.com)
submitted 4 days ago by babysandpiper@sopuli.xyz to c/economics@lemmy.world
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If Trump gets his way and removes Jerome Powell as chairman of the U.S. Federal Reserve, the market reaction would be swift and brutal, Deutsche Bank’s George Saravelos argues.

It could collapse the currency and bond markets, he says in a note seen by Fortune. Polymarket puts the chances of a Powell ouster at 19%.

“We consider the removal of Chair Powell as one of the largest underpriced event risks,” Saravelos says.

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[–] prole@lemmy.blahaj.zone 2 points 3 days ago* (last edited 3 days ago) (1 children)

I'd hesitate to use Monero as an investment, or for long-term storage.

Because of its nature, lots of powerful people (if they were aware of it) would be terrified of it and do everything they can to kill it, including legislation. I just don't trust governments to not destroy it if it ever became popular enough.

It might be stable now, but all it takes is some purposefully stifling regulations from EU and US...

[–] shortwavesurfer@lemmy.zip 0 points 3 days ago* (last edited 3 days ago) (1 children)

Which is why I hold it as a long-term store value. The harder they regulate it, the more the strizend effect happens.

I want them to be fucking terrified. I want them to wake up at night in cold sweats screaming their fucking heads off because that's how afraid they are. I want them to have stress-induced heart attacks caused by Monero.

That would be success to me.

[–] prole@lemmy.blahaj.zone 1 points 3 days ago (1 children)

Yeah, I mean... Good luck with that I guess.

What really happens when they start arresting people when they find out they have Monero, is a chilling effect and a price crash.

[–] shortwavesurfer@lemmy.zip 1 points 2 days ago (1 children)

Then they have to take all those people to court one by one, which wastes their own funds. And as they lose, because those are just regular people, then other people will start asking what the hell they're doing.