The problem is not the Federal Reserve.
Interest rates should be far higher, Rush, not at these levels.
Savers, insurance companies, pension funds, even Social Security (FICA taxes are ‘invested’ in treasuries) depend on that cash flow to operate.
The problem is manyfold, but rests on the massive public debt, which is going parabolic, corporate and personal debt. Choking debt.
The illegal invastion has not only failed to stop, but is getting progressively worse. They are costing us untold billions/month that we should not have to spend.
Illegals and H1B’s are depressing wages and taking jobs from Americans.
Rush, look to Congress and the White House for the problem, not the Fed. Rates should be higher, not lower.
Educate yourself.
More jobs will get more votes. Easy money is good for politics. It’s an old story. Raise the rate, when Democrats take the executive again. Or don’t let them take it at all. It is terrible, though, when we must choose between our freedoms and good fiscal policies. But that appears to be the situation.
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 care how strong the US economy looks. DB is tanking and if people think that won’t drag us down with it they don’t understand economics.
If white liberal elites and their global brothers want a recession they’ll create one.
FYI:
https://www.foxbusiness.com/politics/bill-maher-presses-for-recession
Millionaire Bill Maher pushes for recession
Published August 10, 2019TaxesFOXBusiness
Bill Maher is rooting for a recession to keep President Trump from winning re-election in 2020.
On HBO’s “Real Time with Bill Maher” Friday, the 63-year-old millionaire told his audience and guests they should wish for a recession because that will definitely get Trump “unelected.”
“We have survived many recessions,” Maher said. “We can’t survive another Donald Trump term.”