Heck I remember double digit interest rates in early 1980s.
Heck I remember double digit interest rates in early 1980s.
Every President wants low interest rates to reduce payments on the enormous deficits. 2% is pretty low by historical standards.
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Yes, but what matters is what the market would charge. These days that’s lower than 2%.
Ideally uou only cut interest rates to encourage lending when the economy is slowing and you raise them to curve inflation when the economy is heating up.
The economy has been booming, but they are cutting interest rates when we are at historic lows. This is not good.
I bought a house right around that time at 14% interest. It seemed like a good idea at the time.
Our high-vs-other-developed-coountries’ interest rate has foreigners buying US Treasuries rather than their own, driving the yields down. This triggered the recent Recession alarm now regarded as false due to foreign purchasing of treasuries.
Our currency, tresuries and stocks are globally-accessible trading assets. It’s time for the Fed to realize this and set policies accordingly so the US doesn’t continue to get ripped off by the rest of the world. But hey, that’s the Left’s sticht.
However, President Trump and Steven Mnuchin have seen this? This is a chart of comparrison between now and 2007 (right before 2008 crash).
The one thing President Trump has been very successful is the economy. It looks to me like he is getting set up by the Globalists.
Make no mistake the Gloabalists with their Establishment buddies are setting up another 2008 crash, and this time it will be much worse to blame President Trump and the Nationalists.
