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re: Why this is Trump’s economy?
Posted on 8/15/18 at 9:52 am to BurningHeart
Posted on 8/15/18 at 9:52 am to BurningHeart
quote:
Obama still had 0% interest rates nearly his entire term.
Can’t imagine seeing this type of propping up ever again, and still never got decent growth (over 3 percent). That’s definitely inept leadership over 8 years...And the almost overnight correction with just a change in leadership was transparent. What’s so crazy is the Fed probably won’t prop up this Administration/economy, and probably won’t be needed..
1
Posted on 8/15/18 at 10:05 am to CamdenTiger
quote:
What’s so crazy is the Fed probably won’t prop up this Administration/economy, and probably won’t be needed..
It's unfortunate Trump couldn't have been President 2008-2016.
It's almost certain inflation will pickup over the next year or so and the Fed will have to keep raising rates to keep it in check.
Eventually this will cause a recession, and I just hope this doesn't happen before a midterm or presidential election.
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