Posted on 08/23/2019 10:41:11 AM PDT by Berlin_Freeper
Obama had 8 years in office. The debt went from $10 trillion to $20 Trillion. Trump will move it from $20 to $28 trillion in the same 8 years. And that is with more debt and the Fed raising the rates on that debt. If the Fed cuts rates back to about 1%, Trump will cut a trillion out of the debt over 8 years in office.
No the debt would remain the same but the cost of servicing that debt may go down.
That’s the problem. The media has everyone living in the short term. I think the 7 point Credit Suisse recession dashboard is a far better guide than just simply looking at the yield curve - for ONE day. The worse I think will happen is US companies will show lower earnings in the short term, and some things might become a little more expensive. Frankly the idea of plastic shite getting more expensive doesn’t bother me as a family provider. Already have been seeing, for as long as I have had kids, major inflation in food. Food and toilet paper when you have six kids is far more important than iphones and balloons from the dollar store.
Just another example of the short term disease of the public. 600 points is nothing and will likely recover in a few weeks if not faster.
The lefty rats are huddled together in the corner sweating and rubbing their filthy little hands together hoping for a recession, they have nothing else to sell but socialism That shines new toy they are selling that has the same old infectious disease
It is foreign buying that is driving the yield curve down. Things are shaky in Europe and many other countries.
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