.......close Wall Street and reopen in Dallas. Let the wheeled-wonder ring the opening bell. or

Wall Street will be reopening in London, Frankfurt or Tokyo before it reopens in Dallas.

Former Trump Plaza casino imploded after falling into disrepair

His legacy...

It's f'ing everywhere.

give that narcissist a bit of power over billionaires and you just know he's gonna RUN with it

and in short selling is where the really huge action will be.

Down 1.15% vs. Euro, 1% vs. yen. Stock futures down across the board.

I sorta predicted this, but not this far nor this fast.

Since I am paid in Dollars but live in Euros (and am taxed at about 73%), this makes a huge difference to me. A 10% drop in the dollar against the euro is a de facto 10% cut in my take-home pay. Every now and then, since my wife an I both hate credit cards, I will buy some Euros to have spending money for the next several months. Since I knew Trump would be a disaster, I bought €10,000 in February, way more than I usually buy as an advance. They cost me $10,290. Today, those same €10,000 euros would have cost me about $11,560, or about $1300 more--for the same amount of Euros barely two months later

Meanwhile, the price of gold is scratching $3400 per troy ounce. I'm sure glad I don't operate a retail jewelry store these days. I wouldn't want to have to be telling people that the wedding ring they quoted the past week is now $30 more expensive because they didn't confirm at the time. It sounds like a nasty rip-off tactic, when it is nothing but following the market movement like a gas station.

He also wants interest rates to go down, very badly wants them to go down. However, his own goal tariff war is inherently inflationary at the start so bond rates are bouncing around without the kind of decline he wants. Treasury has to offer higher rates than otherwise because foreigners are now net sellers, increasing supply and forcing Treasury to keep rates up to make them attractive to rotate debt financing. Powell has to refrain from adjusting the Fed rate until it becomes clearer whether inflation comes back in or whether unemployment creeps up first.

When the contraction in world trade and contractions from reduced govt spending and labour disruptions start to bite, then expect Fed rate cuts to stimulate a self-harmed economy (from decisions at the top).

As to the ultimate course of the dollar, I'm a self-study observer, and haven't studied currency economics.

A rate cut during a declining dollar would reduce the value of the dollar more, and would result in higher spreads on Fed funds rates because lenders would not bother to lend at the lower rates if the dollar was weaker.

A lower dollar may help manufacturing a little, but it will hurt financial services badly.

It feels like our economy is under attack by our own government, and I agree with Senator Murphy that the only explanation that fits is Trump is deliberately damaging the economy as part of a fascist takeover.

There!