Posted on 12/20/2018 9:00:33 AM PST by bitt
bump
I am not. That is ridiculous. I am saying KEEP lowering interests rates and then maybe wages will continue to go up. That is good thing. RAISING INTEREST RATES TO FIGHT AN INFLATIONARY BOOGEY MAN IS STUPID. Can you keep up or should I slow down. LOL.
Leaving interest rates artificially depressed in a strong economy is just plain stupid. You’re myopic. It’s you who can’t keep up. I honestly think you don’t understand what you’re saying. You argue against wage suppression for years, then start cheerleading for it at the flip of a switch, then deny it, then support it, all in the space of ten minutes. It’s not me who has an issue with understanding, here.
I always thought raising Interest Rates was a tactic to stall Inflation.
Now I hear the Inflation is not an issue but a booming Economy is.
Obama skates on low Interest Rates for eight years and now that the Country is getting back on its feet the Fed looks like it’s trying to push back. Politics, pure and simple.
Interesting times.
So instead of ad hominems, dispute his thesis.
It’s a simple one:
“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!”
He’s imputing a political motive to the Fed’s actions, not an economic one. If it’s a well tested and agreed upon economic motive - you know, too much “irrational exuberance” - then point that out and defend it.
You and Jerry Powell need to enlighten us all about the macro-economic wonderfulness of simplistic rate change mechanisms. Right now, I’d say the carnage in the markets show that at minimum, there are major players on the planet who simply don’t agree and are voting with their cash.
Is a market in free fall the intended effect of Jerry The Genius’ actions, and if not, then how come he didn’t understand that?
“Jerome Hayden “Jay” Powell (born February 4, 1953) is the 16th and current Chair of the Federal Reserve, serving in that office since February 2018. He was nominated to the Fed Chair position by President Donald Trump, and confirmed by the United States Senate.”
Raising interest rate is bad. I have always said that.
Raising interest rates now to slow the economy is evil. After years of slow growth, this is so wrong headed it deserve complete derision.
I've explained the you are not keeping up with times. THERE IS NO THREAT OF INFLATION.
The DemonRATs are or-castrating a major recession if not an out and out depression and are going to blame it on Trump.
Letting them steal the House is going to hurt “We The People”. And not going to touch “Them The Rich” who will gleefully buy up our assets for pennies on the dollar, just like last time.
What worries me most is that Trump warned how unwise a increase was. What does President Trump know that the rest of us don't?
I can think of one thing. Well I don't know it, but it is my opinion that the economy went into recession in October and with a FFR of 1.75%. Only time will tell of course, but if you look at the housing market as the indicator...
If that's true look forward to the government digging us into an even bigger hole since we've never managed to climb out of the others they've already dug for us.
They have money and connections.
It's the rest of us who will suffer - and the 'elites' don't give a damn about us, our children, our grandchildren or our lives. They got theirs...
Look at from Trump’s stand point. Why raising rates at all and risk and slowing of GDP. What’s the up side? GDP is his ace hole card. I am with him and not with you on this that’s for sure.
Nobody is raising interest rates to fight inflation. They’re raising interest rates to: (1) strengthen the U.S. dollar so companies repatriate capital from overseas; and (2) get investors out of their cash positions and into productive assets.
“The Dow is not the economy.”
No, but the Fed’s overreach yesterday and the AWFUL press conference piled it on, makes a recession quite possible next year, as well as a further continuation of asset deflation.
If the Fed wants to tighten then pick EITHER a rate hike OR the continued $50 billion of asset sales. Doing both in the face of a global shutdown is SCARILY STUPID and quite possibly will be the greatest government stupidity since the Clinton desire to goose home ownership to those not able to financially handle it.
They are raising rates to slow the economy and to hurt Trump - it’s all political. And you are in favor of it.
Yep..... The Fed chairman acted like a tyrant declaring he is the economy and will dictate what shall be done by the markets.
Freedom is gone
Look up the term “liquidity trap” to see what’s been going on for the years leading up to 2016.
BS. Look up the term political traitor.
I think the big issue yesterday was Powell saying he’d continue $600 billion per year roll off of the balance sheet. In fact saying that was on autopilot. So even if they pause or cut rates, that continues. Paying back for the Quantitive easing with some tightening. Pretty sure this is the first reduction of the Fed balance sheet in my lifetime.
Which of these is better for the U.S. economy in 2018-19?
Rush is explaining why the Feds are raising interest rates, it’s political. It’s Anti Trump. Tune in.
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