Since there is almost zero money being earned by savers and seniors, there is less money to spend. Velocity of money in circulation is near record low levels. That explains why retail business is suffering along with Walmart.
Posted on 10/18/2015 9:30:42 PM PDT by Rusty0604
According to Donald Trump, Janet Yellen's decision to delay hiking interest rates is motivated by politics.
“This is a political thing, keeping these interest rates at this level,” Trump, the billionaire Republican presidential candidate, said in a Wednesday interview with Bloomberg Television's Stephanie Ruhle. “Janet Yellen for political reasons is keeping interest rates so low that the next guy or person who takes over as president could have a real problem.”
That problem spurred by raising rates, Trump argued, could be “a recession or worse.”
On the other hand, Trump faulted the Federal Reserve for not having acted sooner. “Yellen is keeping rates too low, too long,” Trump said.
Here are some other highlights from the interview:
“Yellen is doing this with the blessing of the President because he doesn’t want to have a recession - or worse- in his administration.”
“I’m a developer, I’m not complaining from my own standpoint, I’m just saying that at some point, you have to raise interest rates, you pay nothing. They are trying to put the recession - and it could be a beauty into the next administration.”
(Excerpt) Read more at zerohedge.com ...
raising interest rates when there are almost no jobs
is not a good idea
yes, the lack of much employment for American citizens is largely the result of several OTHER Obama policies
we need to get those economically-destructive, job-killing policies fixed first
then let interest rates rise to sustainable levels in the free marketplace
doing the rates right now would not be good timing given the mostly-bleak job situation for so many millions of Americans
first things first. stop killing our jobs... and then free up rates
Pardon me, but with umpteen trillion of debt, how can you raise the interest on that debt?
What? we can’t afford to pay a Trillion a year just on the interest?
Obama has $9 trillion in debt all accrued all for himself out of $19 Trillion. Yeah Yellen is protecting Obama by keeping the interest rate low.
Oil prices crushed by more junk investment loans are the new QE, but look out for declining production to meet increasing consumption!
Glad to see Trump calling them on it.
On the rate, go ahead! Raise the rate!
:-D
[After some initial euphoria, that would be game over for the debt regime. It’s too late, baby. Shouldn’t have gone to so much borrowing and spending to begin with.]
ping
As for Yellen, she, like most political/regulator folks, might be more of a fan of Hillary.
Interest on the National debt, brought to by the “Federal” reserve—which is not a Federal agency and has nothing in reserve except for printing money: $402,435,356,075.49.
http://treasurydirect.gov/govt/reports/ir/ir_expense.htm
Thanks to his Obozoness, we have doubled our debt during his regime. Remember when he said increasing the debt is” unpatriotic?” What crap. You shall know them by their works and this feckless fool has produced nothing but evil. Please correct me if I am wrong
And you are correct.
Since there is almost zero money being earned by savers and seniors, there is less money to spend. Velocity of money in circulation is near record low levels. That explains why retail business is suffering along with Walmart.
It is the debt that will be most affected. He wants to wait until he is about to leave office so he can pass that disaster on to the next administration.
Agree.
The market should determine
Because the low info voters will not understand it takes time.
Yes. Velocity is very low and no amount of printing dineros can raise it. This and the massive unemployment are the key indicators of widespread economic depression conditions. ( My banker talked and talked trying to get me to open a savings account for some funds in checking. That I’d make much more interest. So finally I took the bait and asked how much more. I think it was 0.06 percent instead of 0.05 percent. A total farce, this administration has our nation’s economics so screwed up it makes one wonder if - rather than when - we can recover? )
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