I just had a great Substack Live conversation with Marlon Weems, publisher of
Weems spent thirty years in finance, including over a decade as a trader on Wall Street, before authoring capital markets research for global finance firms such as Thomson Reuters, FIS, and Charles Schwab. His deep understanding of how financial institutions work—and how they can be undermined—made this discussion especially timely.We unpacked breaking news of the Trump Administration’s attempt to discredit and potentially remove Fed Governor Lisa Cook, a move that appears part of a broader effort to bend the Federal Reserve to his political will. We discussed how these mortgage fraud allegations—pushed by Trump ally and FHFA head Bill Pulte—fit into a pattern of targeting political targets under false pretenses, and why undermining the Fed’s independence poses a catastrophic risk to market credibility and economic stability.
Weems also walked us through the deeper contradiction at the core of Trump’s messaging: He claims the economy is strong, yet his actions—pushing the Fed to lower interest rates, blaming the BLS, and imposing reckless tariffs—signal panic. We dug into the inflationary impacts of Trump’s trade policy, how corporate earnings may be painting a misleading picture, and why Trump’s authoritarian economic approach could manufacture a crisis that hurts the very people he claims to champion.
Check it out above. Hope you enjoy it!
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