Thanks for posting. Combine that with this interesting article at zero hedge this morning...
https://www.zerohedge.com/news/2019-09-09/how-negative-interest-possible-report-8-sep
I’ve been calling this a Goldilocks economy for months and I expect it to continue this way until it booms when a China deal is made. That will happen before the election, obviously.
Tax rates are down and energy is cheap. That always bodes well for an economy.
Things are going very well.
Then a few weeks ago, as if on cue, the media introduced the word recession in all of their output.
Almost as if they were trying to get everyone to believe that things were not as good as they are.
My recession needs more cowbell.
A recession is defined as two quarters of negative GDP growth (loss) in a row. There is and has never been any indication that is likely to happen. Total BS made-up fake news.
Demonrats are deeply distressed!
OK, the economy is doing great and the Dem fearmongering about recession isn’t going to work....cue impeachment!
Well Jay Powell was planning on letting us hit the rocks and go into recession for the election in hopes of getting rid of Trump. Rising interest rates take dollars out of the system which suppresses economic activity. Lowering rates puts more dollars in circulation which is what Trump needs to fuel manufacturing and expand the economy.
It appears Trump has taken the Fed in hand as we just had a quarter point rate cut and smart money says two more cuts by year end. Trump is going to force the Fed to zero or near zero rates.