I do not agree with our honorable President. Interest rates of 2-3% are really very low, and anything lower is dangerous.
"No controlling legal authority"
Our President is very correct. The opposition of all sorts is doing everything they can do to wreck his plans for this nation.
I disagree. I don’t think the Fed went too far. I think it might have gone just far enough, which I think the stock markets are now showing.
The markets are nearly back to vaules of one year ago, but the P/E ratios are all at much better - closer to historical P/E ratios, than they were a year ago. Growth ahead, to what extent it comes, will be more stable with stocks, by P/E ratio measures, less in bubble territory. The end of year declines were needed corrections in my view.
We have no need to feed another bubble with too much Federal Reserve quantitative easing. That is how we got into trouble last time.
This is not about Trump. It’s just about good or bad economics. Bubbles are not good economics, no matter how much the GDP grows during them (and then contracts when they burst) nor is it about who is sitting in the White House. Trump is being advised wrong in my view, or he’s ignoring good advice.
The economy is doing fine and the stock market is more stable than a year ago. There is in all that no cause for complaint.
I like the Twitter post because it gives Democrats something else to drive them nuts, but President Trump is absolutely wrong about this.
President Trump was elected to be the champion of the Deplorables, the forgotten middle class. The middle class cannot be restored unless there's the "power of compounding" for accumulating safe savings for future needs. Interest on savings should be at least 4%. Interest on loans should be high enough to make people think twice about borrowing.
fed inflation trump bump
Printing money is what causes inflation. I heard that many higher ups, when they negotiate their remuneration, specify that their package is increased proportionally to the increase in the money supply. What do they know that we don’t?