Trump vs. Powell: The Housing Crisis, Crypto Chaos, and Why Your Mortgage Hates You 😩

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Oh, great. Just what we needed-another round of Trump vs. Powell smackdowns. This time, it’s about the housing market, because apparently, blaming Jerome Powell is the new national pastime. 🏠💥 Accusations are flying faster than a toddler on a sugar rush, with Trump claiming Powell is “crushing” the housing market by not cutting rates fast enough. Mortgages? Sky-high. Interest rates? Stubbornly stuck. And crypto? Oh honey, it’s having a meltdown too. 📉💸

Is Powell the Villain Here or Just… Boring? 🤔

In a recent Truth Social post (where else?), Trump declared that Powell is basically the Grinch who stole affordable housing. “‘Too Late’ is a disaster,” he said, which honestly sounds like something I’d mutter after missing happy hour. But wait! James Fishback, CEO of Azoria, chimed in to say mortgage rates spiked last year because the market got greedy, expecting even *more* rate cuts than the Fed delivered. Classic overpromising and underdelivering, am I right? 🙄

This is ridiculous. The only reason mortgage rates went up after the Fed lowered rates in Fall 2024 was because the interest rate futures market (SOFR) was expecting an additional 1.32% of total interest rate cuts (see chart below) *on top of* the 1.00% in rate cuts the Fed was…

– James Fishback (@j_fishback) August 20, 2025

Fishback thinks a 100-basis-point cut next month could save us all from financial ruin-or at least give homeowners a break. Spoiler alert: That’s probably not happening anytime soon. 😬

Will the Fed Cut Rates or Just Keep Us Guessing Forever? 🎲

According to the CME Fed Watch Tool (which sounds like a gadget out of a spy movie), there’s an 83% chance of a rate cut to 400-425 basis points. But then again, these odds change faster than my opinion on pineapple pizza. 🍍 Some traders were betting big on a 50-basis-point cut until mixed economic signals made everyone nervous. Nervous people = volatile markets. Who knew?

All Eyes on Powell’s Speech, FOMC Minutes 🔍

Ahead of his speech at the Jackson Hole symposium-a place where economists go to sip coffee and pretend they understand each other-Powell has become the Beyoncé of central banking. Everyone wants to know what he’s going to say next. Treasury Secretary Scott Bessent is already campaigning for a 0.5-basis-point cut, but inflation is still playing hard to get, hovering above the Fed’s 2% target. Ugh, inflation, why can’t you just cooperate for once? 😤

Crypto Market Meltdown: Bitcoin’s Midlife Crisis? 🐳📉

Meanwhile, the crypto world is spiraling into chaos faster than your aunt during a Black Friday sale. Bitcoin dipped below $114K, Ether fell under $4,200, and altcoins are crying in the corner. Even crypto-linked stocks like MARA, COIN, and MSTR are tanking. It’s like watching a soap opera where everyone loses their fortune in one episode. 📺💔

Retail traders have done a complete 180 after Bitcoin has failed to rally and dipped below $113K. The past 24 hours have marked the most bearish sentiment seen on social media since the June 22nd fears of war caused a cascade of panic sells.

Historically, this negative…

– Santiment (@santimentfeed) August 20, 2025

Santiment reports that retail traders are now officially panicking, which means two things: Either we’re doomed, or this is the perfect time to buy low and laugh later. Historically, extreme fear often leads to rallies, so maybe don’t toss your crypto wallet just yet. 🤑

Q4 Rally Ahead? Or Just Wishful Thinking? 🎢✨

Not everyone is ready to throw in the towel. Investor Ted Pillows (yes, that’s his real name) believes most people are selling too early, setting themselves up to miss the next big rally. He predicts Bitcoin will soar past $160K in Q4 thanks to rising global liquidity and those sweet, sweet Fed rate cuts. 🚀📈

This cycle, everyone wants to sell before the blow-off top.

And that’s why most people will miss the major rally.

Even looking at $BTC, it seems like another leg up will happen in Q4.

Global liquidity is back on the rise, while the market is expecting 2-3 Fed rate cuts this…

– Ted (@TedPillows) August 18, 2025

So, will the market bounce back, or are we headed for another nosedive? Only time will tell-but let’s be honest, it’ll probably involve more drama than a reality TV show. Stay tuned, folks. 🍿

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2025-08-20 12:17