And I think what infuriates me more than anything is the FACT that FReepers would be losing their mind if Obama was acting this way with the budget and the Dems had the Senate. And if Hillary had won and promised to close the deficit and pay off the debt in 8 years-and we were running $1.2 trillion in deficits after two-we’d never here the end of it. But because it’s Trump-well-OK!
We’re gonna lower rates to 1.0-1.5 points by October. That’s leaves us very little room when the recession does hit-and it will hit-whether it’s in 2020 or sometime in Trump’s second term (hopefully). I don’t think people understand the implications of having nowhere to go at the beginning of a recession when your rates are already near zero. I just hope they realize they were the ones cheerleading these low rates when the pain hits.
” I don’t think people understand the implications of having nowhere to go at the beginning of a recession when your rates are already near zero. “
They will get to share Limbaugh’s surprise upon learning that negative interest rates exist.