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To: bitt

“Since October The Fed has single-handedly dismantled the US economy.”

The Fed’s actions are not the sole reason for a stock market correction nor is it destroying the economy. There are many irons in the fire including uncertainty regarding China trade that could affect the world economy. Also the dems just took control of the House which can’t help. Two 1/4 point increases are not going to destroy an economy and if it did it wasn’t much of an economy.

The Fed’s rate is now at 2.5%, mortgage rates less than 4%, 3Q GDP was 3.5%, unemployment rate at 3.7%. These are good times.

The stock market is at Oct 2017 levels with S&P around 2500. I remember when the S&P was at 100 and later when mortgage rates were at 18%.

Not defending the fed but the hyperbole is a bit over the top.


58 posted on 12/20/2018 9:40:51 AM PST by plain talk
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To: plain talk

Not defending the fed but the hyperbole is a bit over the top.

The fed already destroyed this nation at least once!

https://www.wnd.com/2008/03/59405/

Fed chairman admits the FED caused the great depression!!!

They have to go a long way to regain my trust. Destroy the FED now!!


102 posted on 12/20/2018 12:28:46 PM PST by mountainlion (Live well for those that did not make it back.)
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