Wonder if they were holding rates low to make Obama look good?
And I think the effect will be the same now. We are a credit based society. The only thing that prevented Great Depression II was QE. And all that did was postpone it. We could finally see the end of the kicking the can down the road. If so, this is extremely relevant:
https://www.youtube.com/watch?v=VJEZh9PKr8s
Figured whomever won the election would be the “loser” in the end because they'd have to deal with the mess of the past 10 years or so — the economy, the Obama debt, the Middle East, ISIS, Obamacare, etc. etc.
The good news is that we need a really good manager and not a politician — to clean up the mess — instead of make us more promises and Trump might be that man. Crossing my fingers.