some believe, the fact that Democrats won the House in November and the Trump economic miracle is likely to be stymied.
Posted on 12/26/2018 3:53:06 PM PST by SleeperCatcher
The U.S. markets in December have taken a beating, posting the biggest losses for the month since 1931.
In all, the Dow Jones Industrial Average is off more than 3,300 points from its Sept. 21 high of 26,656.98 (though the index has risen about 500 points on the day Wednesday).
The Dow’s losses are tied to a number of uncertainties, we are told, including the trade war with China, the current partial government shutdown and, some believe, the fact that Democrats won the House in November and the Trump economic miracle is likely to be stymied.
(Excerpt) Read more at thenationalsentinel.com ...
As with the Fraud, I will not believe that Jerome Powell is incompetent.
The downhill trend in the Stock market started just after the midterms.
The last time the Fed ratcheted up interest rates four times in two years created a bear market.
Does this one belong to Trump? Nope.
Can he fix it? You bet! Audit the Fed and then kill it off. At minimum, a new Fed Chair.
some believe, the fact that Democrats won the House in November and the Trump economic miracle is likely to be stymied.
“...and the Trump economic miracle is likely to be stymied.”
Nope. Full Speed Ahead on the Trump Train! Last I read, we were UP 1,000 on the day?
And my PMs were way UP today, and now back to the usual.
Nice try, Enemy Media! ;)
AUDIT THE FED! FIRE THIS PINKO COMMIE POWELL!
Where is the inflation? Cause I don’t see it.
This is more about pulling all the Odumbo era QE money back outta the system!
They’ve raised them 8 times in 2 years...4 times per year.
“Where is the inflation? Cause I don’t see it.”
The reason you don’t see it is we are the new Saudi Arabia in oil production and we have the hottest economy going right now, not to mention rising wages.
The new 2.5% interest rate is nothing shocking. It was artificially held to zero, under Obama’s boot, for far too long.
Savings means something too my FRiend; our politically-deflated interest rates have caused far too many not to save! Also remember, local banks are back in business under Trump, after being all but decimated!
The rate is at a good equilibrium point for our economic circumstance. Be of good cheer!
I predict two years from now, our economy will be hot beyond measure.
Now, time to get this government-spending in check!
Happy New Year!
Anyone who thinks the FED interest rate policy is causing this havoc in the market has no idea what they’re talking about. The FED published its multi-year strategy for these matters in 2015 — and interest rates were only a part of the program. The bigger story was the ending of quantitative easing (QE), and a gradual reduction in the FED’s holdings of Treasury bonds and mortgage-backed securities. The FED is currently reducing its debt holdings at a rate of $50 billion per month — and they’re losing money on those deals because the bonds they hold have DECLINED in value while they’ve held them.
Powell is Greenspan 2.0
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.