Posted on 07/31/2019 1:54:16 PM PDT by Moonman62
Normally I’d be opposed to a $15.00/hr min. wage but at this point anything that pushes the money down to the lower economic strata is a good thing. I did some research and there is no historical statistical correlation/relationship between raising the min wage and unemployment. No relationship what so ever.
Yeah, wake me when that happens.
Sorry if I don’t join you on a 1/4 point reduction in the rate is going to be the end of the world.
By that logic, interest rates should always be insanely high, that way no one will ever over leverage.
Remember, lower bond yields, equal lower interest payments having to be made by the Treasury as well.
Probably the main counter argument to the rate drop, is well if things go to poop, you are already at 2%... you can’t go much lower to stimulate growth should serious contraction begin.
As long as there are bigger fools there will always be bubbles, regardless of interest rates.
Not sure why this was directed to me, but the absolute biggest threat to our Nation, and the biggest failure of the last several decades is that the flow of CAPITAL has NOT been flowing well...
Those on the bottom and even into the middle have been getting less and less, because the flow of capital has been being diverted, and is NOT flowing like it should.
I don’t know if I agree with the $15 minimum wage, but there is NO DOUBT that capital needs to flow better throughout the economy and socioeconomic tiers, because it HAS NOT BEEN, and that my friends is the single biggest threat to our nation.
The better the dollars flow through ALL TIERS of our society, the stronger and better our nation and future will be... We cannot stay on the same path we have been on for the last several decades.. Sooner or later, something will give, and it will not be pretty.
Trumps advocation of America first, and job creation throughout the economy, particularly in manufacturing and other areas, is unleashing a BEAST... The same beast that helped build this great nation and win 2 world wars... The systemic extraction and exportation of wealth has to end... Wall Street has become utterly disconnected from main street.. the idea that something good for main street, but wall street doesn’t like, is bad, is nonsense.
Sorry, but if you think the housing bubble was due to a .25 point cut in rates, you are insane..
Go do a little research at what the funds rates were during the build up to the final 2008 collapse... it was NOWHERE near 2%.. in the 3 years before the collapse the rates were between 3 and 5%.... By your logic, we would have to be in an insane bubble already.... (which we could be, but the .25 rate cut sure as hell isn’t going to cause it).
You do realize the FED is a PRIVATE enterprise right? That your tax dollars PAY the fed interest to have MONEY in the economy?? Its the ultimate scam... Here US, we’ll let you borrow money from us to put into circulation, at an interest rate, that you will promise to pay back with future tax receipts... Its LITERALLY a license to print unlimited money into a very small number of folks pockets.
You really want to have some fun.. have the mint actually start printing not FEDERAL RESERVE NOTES, but REAL DOLLARS AGAIN.. with NO FEDERAL RESERVE INVOLVEMENT... Then we can see some REAL fun.
But back to the point, the idea that what WALL STREET wants is whats good for America has been disproven quite well over the last several decades, to say the least.
I don’t trust the FED, never have, their motivations are not in the best interest of all, no matter what they claim.
“By your logic, we would have to be in an insane bubble already”
There are markets around the U.S. that ARE already in the range of market bubble values.
You are (silly) preaching to the choir in all you say about the Fed. Why you sing that song to me is a mystery.
“Sorry if I don’t join you on a 1/4 point reduction in the rate is going to be the end of the world.”
I NEVER said it would be the “end of the world”. Even 2008 was not the end of the world.
But, even when it not the “end of the world”, it can be a bubble with its eventual collapse, the losses from its collapse, and some months or years of adjustments due to the bubble and its collapse. I think we will always manage to recover. The problem is the pain during the recovery and the unnecessary nature of it all when the bubbles do not need to be supported in the first place.
“By that logic, interest rates should always be insanely high, that way no one will ever over leverage.”
Nonsense. My point was NOT and never has been HIGHER interest rates. My point was the Fed did not need to move in either direction at this time.
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