Posted on 12/20/2018 9:00:33 AM PST by bitt
Since October The Fed has single-handedly dismantled the US economy. The Trump tax cuts at year end 2017 set the economy on fire. The US stock markets set numerous records. So the Fed had to step in and kill the economy or, God forbid, he would get re-elected in 2020!
The Fed announced on Wednesday afternoon that they will increase rates and will also increase rates next year. The Dow immediately dropped 720 points in 10 minutes. The DOW was down at one point by 894 points!
The Fed is clearly a political machine not working in the interest of President Trump or the American people.
As a result of Fed policies Americans are being bound with massive interest payments on Obama debt for years to come while watching their 401k’s dissolve into thin air.
The Dow Jones dropped 3,500 points since the Fed’s Jerome Powell’s insidious comments in early October to continue to increase interest rates.
The DOW reached another all-time high on October 3rd reaching 26,829. It was up for the 103rd time since Donald Trump was elected President and 46% since the November 2016 election.
This was clearly too much for the Fed’s Powell who then scared investors with his message that he will raise rates well into next year.
(Excerpt) Read more at thegatewaypundit.com ...
No comprende. What is this a picture of?
Only 1 of 2 things going on here with the Fed / Powell:
1. They’re seeing signs of inflation, and are acting to avoid Carter-era size numbers that destroy wealth.
2. Deep State is manufacturing a recession to kill off economic growth, with the motive being to finish off Trump.
I’m betting on the 2nd. The Fed is unaccountable to the public, and the board is populated by swamp creatures.
Go soak yours. The Deep-State Fed controls the economy, like it or not. The Demonrats won the House. This is where all spending bills originate, according to the Constitution.
Don’t know the man.
Article appears to be written by a guy named Joe Hoft, not Jim, but it does appear there’s a bit of confusion on that point. Maybe Evil Twins?
He should get rid of the notion that the courts are our real executive branch. Congress passes the laws and it's up to the President to carry them out; and not be second guessed by courts all over the country. If The People don't like the way he carries out the laws they can vote him out of office. Somehow individual Congresscritters are never second guessed by judges.
ML/NJ
The military controls everything! Like it or not! Traitors are not immune.
That won't happen. Why? Because of the influx of legal immigration, technology changes, huge increases in productivity, off shoring and the demise of unions over the last 30 years. So that scenario you offered is not even possible. CATCH UP WITH THE TIMES.
High interest rates kill the stock market and individual 401k accounts. Lost funds exceeds the poultry interest income.
Lots of have 401k retirement funds that our handlers have put it into the stock market.
He’s commonly known as “the dumbest man on the internet.”
You bet and this is going to be considered an attack against the United States.
You appear to believe that wage supression is a good thing, then. That's surprising, seems to me you've opposed it up to this very moment.
Or, maybe you just don't understand what you're saying.
The stock market is an indicator where the economy will be 6 months from now.
I am sorry, but Obama’s Fed put us in this position with quantitative easing, zero interest rates and massive liquidity injections into the market.
That needed to be pulled back or a massive crash would happen.
A strong economy is a good time for that. But it is a balancing act between soaking up the liquidity pumped into the economy and derailing economic activity.
401k accounts typically offer a variety of funds, providing the opportunity to shift into bonds for those who are actually aware of just what the impact of Fed rate increases can be. Allowing oneself to be a sitting duck, leaving all your 401k investment options in heavily stocks-oriented growth funds when you’re about to retire is not the smartest thing anyway, such individuals should be scrubbing off risk in favor of stability if retirement looms in the near future.
Actually, I can see deflationary tendencies in the economy.
If you are retired you should have most of your retirement money outside the stock market. The portion of your retirement money in the stock market should be there as a long-term investment ... so for that money, who cares what happens in the stock market over the course of two weeks, two months, or even two years?
“Since October The Fed has single-handedly dismantled the US economy.”
The Fed’s actions are not the sole reason for a stock market correction nor is it destroying the economy. There are many irons in the fire including uncertainty regarding China trade that could affect the world economy. Also the dems just took control of the House which can’t help. Two 1/4 point increases are not going to destroy an economy and if it did it wasn’t much of an economy.
The Fed’s rate is now at 2.5%, mortgage rates less than 4%, 3Q GDP was 3.5%, unemployment rate at 3.7%. These are good times.
The stock market is at Oct 2017 levels with S&P around 2500. I remember when the S&P was at 100 and later when mortgage rates were at 18%.
Not defending the fed but the hyperbole is a bit over the top.
You’re arguing against your previous argument now, lol.
Nonsense. Interest rates couldn’t stay that low forever, and the stock market couldn’t keep climbing forever.
^ This At some point we need to deal with reality. We can’t keep the Obama interest rates forever. Wall street is over-reacting. Bonds and savings account will see the growth they deserve.
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