Posted on 09/13/2016 8:32:34 AM PDT by entropy12
I guess those in a position to profit by taking more actual value from the market as it becomes available have reason to think everything is just peachy keen.
yellen has her own health issues she has never disclosed
She went “absent” during a speech a year ago and no one even remembers
If I were an inaugurated Trump, I would cordially invite Miss Yellen to commit ritual seppuku.
Yellen is doing what she is supposed to be doing. The federal reserve act gives three goals to the Federal reserve: Maximum Employment, Stable prices, moderate long term interest rates.
Trump thinks unemployment is vastly understated. And I agree. But if so, then Yellen is doing the right thing for unemployment by keeping rates low.
The problem is that it’s a bandaid. We need to restore the import tariffs and bring back industries to fix the problem. That’s not Yellen’s fault. That’s congressional and presidential trade policy’s fault.
Trump needs to leave the Federal Reserve alone. I think he is going after the Ron Paul supporters with these comments, but it worries me, because I know the Federal Reserve has been good for the country. Prices have been more stable than when we were on the gold standard. We’ve not had a depression when we used to have them every 20 years.
Unwinding this will be hard to do without there being lasting damage.
Like so very much over the past 8 years of transformation.
Ugh....
In fairness, Bush was all for this policy too. So 16 years, not 8.
Sweet Jesus! The federal reserve board sets monetary policy for over 300 million people, is controlled by bankers and is NOT accountable to the people it supposedly serves and you think it's been good for the country?
They have done a good job. Prices have been a lot more stable than they were on the gold standard. They have been fairly consistent in hitting targets of small levels of inflation and avoiding deflation. They return the majority of their profits to the US Treasury each year. Small banks have an equal vote with the large banks.
The Board of Governors consists of presidential appointees. The board of each of the Federal Reserve banks consist of 1/3 bankers, 1/3 business leaders and 1/3 presidential appointees.
Many of us have been saying this for many years now, even under Bush. The agenda is to rob pensioners for the benefit of debtors. Has been that for a long time. But good Trump is pointing that out.
I thought so too, but then they announced the end of Q3 and the market strangely did not crash?
Donald’s right, she should. But liberals have no shame — and besides, it’s what 0bama hired her to do.
Your thinking is as flawed as Janet Yellen, the academic.
The artificially low interest rates have distorted and inflated asset values way beyond their intrinsic value.
My condo sale is closing last week of September. The buyer put down 3.5% loan and paid $10,000 MORE than our asking price! I thought our asking price was already too high, about 50% more than what we paid 5 years back. This is astounding leverage and risk. What happens to the lender if rates go up just 1% which would be 25% rise in the mortgage rates. What happens if the buyer loses his job?
If these record breaking low interest rates was the correct remedy to cure the recession of 2009, after 7 years 94 million adult Americans would not be without jobs and growth rate would not be record low 1.1%. But Keynesian economists are the most hard headed and will keep banging their heads on the wall, expecting different results.
Your thinking is as flawed as Janet Yellen, the academic.
The artificially low interest rates have distorted and inflated asset values way beyond their intrinsic value.
My condo sale is closing last week of September. The buyer put down 3.5% loan and paid $10,000 MORE than our asking price! I thought our asking price was already too high, about 50% more than what we paid 5 years back. This is astounding leverage and risk. What happens to the lender if rates go up just 1% which would be 25% rise in the mortgage rates. What happens if the buyer loses his job?
If these record breaking low interest rates was the correct remedy to cure the recession of 2009, after 7 years 94 million adult Americans would not be without jobs and growth rate would not be record low 1.1%. But Keynesian economists are the most hard headed and will keep banging their heads on the wall, expecting different results.
These are 2 main reasons why I began supporting Trump as soon as I heard him say (1) America first and (2) The FED is on wrong track for too long.
Who said low rates was a cure? I said it was a bandaid. It would be far worse without the low interest rates.
The cure is restoring the import tariffs and bringing industry back to America.
In the meantime you’re claiming the Fed is controlled by the bankers at the same time you’re lamenting what happens to the banker if the buyer of your condo loses his job.
Yellen’s low interest rate is the appropriate course for the Federal Reserve. Where Yellen is neglectful is that she should be telling Congress to get their financial house in order, and to strengthen the US economy by fixing the trade policy.
My main point is low interest rates have done nothing to improve the economy. 1.1% GDP growth after 7 years? Crazy!
And I agree with you that addressing the horrific foreign trade deficits of $800+ Billion EVERY YEAR will be a great move towards increasing middle class income who are the backbone of consumer spending and tax revenues.
I never said anything about who is controlling the FED. All I am saying is their policies are hurting United States. Donald Trump is exactly right.
sorry about that, that was raybbr who said the Fed was controlled by bankers and unaccountable.
The low interest rates are keeping the economy from being even worse.
sorry about that, that was raybbr who said the Fed was controlled by bankers and unaccountable.
The low interest rates are keeping the economy from being even worse.
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