Trump to Bernanke: You’re Fired

There might be a bear market in stocks, but it is a bullmarket in Bernanke bashing, and Donald Trump is getting in on the action on an interview with Fox Business.

Trump has some good points, at least early on in the chat, and takes Bernanke to task in an interview with Neil Cavuto.

Trump wants 100 basis points when we hear from the Fed, which one of the few times I have ever been on the same page with him.

“The problem with Ben Bernanke is that he is way behind the curve when he should be ahead of the curve...The economy is terrible. If you look at the economy, other than oil nothing is going up…We have to worry about a recession and maybe worse.”

“The problem with Ben [Bernanke] is that he should have been ahead of the curve. He should have cut interest rates six months ago…There’s nothing he can do. He missed a great opportunity. He could have been a leader. Instead, he’s a follower. I would cut it 100 basis points in one meeting…In my opinion, he’s going to go down 175 basis points.” FBN

The Donald also thinks we are in a recession, and is looking for the NYC real estate market to crack. Is he talking against his book for the first time in history?

“I think the economy is terrible I think we’re absolutely in a recession.”

“I’m in the real estate business and I’m lucky I’m in Manhattan and I’m just wondering when it is going to hit Manhattan…How can it be that Manhattan is stronger than ever and everything else is dead?”…Personally I think it is a matter of time [until the recession takes starts to affect housing prices in Manhattan] when Merrill lynch lays off four million people and when Citibank lays off a trillion people…Outside of Manhattan, it’s a depression in real estate.”

Donald has strong opinions about Sovereign Wealth, and probably won't be taking any money from them anytime soon:

“Terrorist countries and communist countries are coming in to bailout the United States.  Pretty sad isn’t it.”

The Donald also prefers tax cuts to stimulus packages, and think the banks made their beds, and now need to sleep in them:

“I think fiscal stimulus is very dangerous.  I think certain kinds of tax incentives are great.  When I hear of others trying to protect people who made terrible deals on mortgages, I think that’s the banks problems.  If the banks made all these terrible deals, I think they have to suffer a little bit.”

Nine minutes of the Donald, in rare form, below.  He has comments about the election and has to be bleeped out a one point.

Funny stuff.

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