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re: Can someone make a case for 0% interest rate?
Posted on 9/12/19 at 2:31 pm to OleWarSkuleAlum
Posted on 9/12/19 at 2:31 pm to OleWarSkuleAlum
quote:No, they don't.
That’s the language Trump and Mnuchin use so I’ll roll with it.
You truly don't understand the meaning of the finance words you use.
1
Posted on 9/12/19 at 2:33 pm to LSURussian
Posted on 9/12/19 at 2:34 pm to LSURussian
quote:
So you're saying the U.S. government should unilaterally retroactively change the terms for repaying its outstanding debt?
Yes very easily. We can use it as part of a trade deal. When you have a master deal maker as President a whole new level of negotiation opens.
Posted on 9/12/19 at 2:35 pm to saderade
quote:
Please tell me this an elaborate troll
quote:
Yes very easily. We can use it as part of a trade deal. When you have a master deal maker as President a whole new level of negotiation opens.
It has to be.
Posted on 9/12/19 at 2:36 pm to OleWarSkuleAlum
That's very convenient of you to link to an article that requires a subscription to read. And you didn't even include a quote of what you claim they said.
There is no way either one of those two guys referred to amortizing U.S. government debt in the same context that you used the term.
There is no way either one of those two guys referred to amortizing U.S. government debt in the same context that you used the term.
Posted on 9/12/19 at 2:38 pm to LSURussian
Sorry you're poor and don’t have access to the WSJ. Here is the quote when asked why he was pushing Powell so hard for lower rates, “You can't pay amortization when he's raising interest rates, OK?”
This post was edited on 9/12/19 at 2:39 pm
Posted on 9/12/19 at 2:42 pm to OleWarSkuleAlum
quote:
Yes very easily. We can use it as part of a trade deal. When you have a master deal maker as President a whole new level of negotiation opens.
The other poster is right. Retroactively changing the terms of outstanding U.S. government debt would result in an immediate downgrade of the debt to junk status and would cause the U.S. dollar to no longer be considered a reserve currency.
You've finally revealed your complete ignorance.
Posted on 9/12/19 at 2:44 pm to LSURussian
I believe Trump and Mnuchin when they say this is possible and they have a plan. The Fed obviously doesn’t understand the high level economic theory Trump’s admin is supporting.
Posted on 9/12/19 at 2:51 pm to OleWarSkuleAlum
quote:Yeah, that's why I don't want to subscribe to the WSJ.
Sorry you're poor
quote:Assuming that's what he said, he was referring to business and individual borrowers repaying their debt on an amortization schedule.
“You can't pay amortization when he's raising interest rates, OK?”
When the Fed raises the Fed funds rate, it results in the commercial banks raising their prime lending rates. It has almost no impact on long term government debt rates as seen by the current ten-year bond rate being considerably LOWER than the overnight Fed funds rate.
Are you really that stupid??
Posted on 9/12/19 at 2:53 pm to LSURussian
No he was using it in reference to paying the interest in the federal debt. And yes that’s the chief argument against what Trump is advocating for, but no one has attempted this so no one knows exactly for sure what is possible. In Trump I trust.
Posted on 9/12/19 at 2:54 pm to OleWarSkuleAlum
quote:
No he was using it in reference to paying the interest in the federal debt
That is a fixed cost that cannot be changed.
Posted on 9/12/19 at 2:55 pm to OleWarSkuleAlum
quote:A plan for WHAT?? You're all over the place. Are you saying they have a plan for extending debt maturities? If so, so what?? That's not rocket science. But it still won't affect the debt that's already issued. It would only apply to new debt that's issued.
I believe Trump and Mnuchin when they say this is possible and they have a plan.
quote:
The Fed obviously doesn’t understand the high level economic theory Trump’s admin is supporting.
Posted on 9/12/19 at 3:00 pm to OleWarSkuleAlum
quote:No, he wasn't. Now we know you can't comprehend written English when financial terms are being used.
No he was using it in reference to paying the interest in (sic) the federal debt.
As the other poster said, interest rates on U.S. debt are fixed for the life of the bond. And U.S. debt securities are non-callable. (Look it up...I know you don't know what that means.)
Other than you displaying your complete ignorance, this discussion is a waste of time. I feel like I'm arguing with a three year old.
This post was edited on 9/12/19 at 3:01 pm
Posted on 9/12/19 at 3:02 pm to LSURussian
quote:
No, he wasn't. Now we know you can't comprehend written English when financial terms are being used.
Pay the money and read the article.
Posted on 9/12/19 at 3:10 pm to OleWarSkuleAlum
quote:Nah, I know what he was referring to. Even Trump knows the Federal Reserve doesn't set the interest rates on U.S. government securities. (Unlike you obviously.)
Pay the money and read the article.
Those rates are set by the market in a bidding auction process independent of what the overnight Fed funds rate is.
Posted on 9/12/19 at 3:34 pm to OleWarSkuleAlum
What you're advocating for is default.
From the Federal Reserve website:
So you're telling us a real estate businessman with a history of not paying contractors, a failed university, a failed steak business, who can't stay off of Twitter at 5:00am ranting about this and that, who fires everyone who doesn't agree with him, is the genius who understands everything about economic theory that he never studied and the "over 400 Ph.D. economists" are just to dim-witted to comprehend his genius???
You sir are one of a kind.
quote:
The Fed obviously doesn’t understand the high level economic theory Trump’s admin is supporting.
From the Federal Reserve website:
quote:
The Federal Reserve Board employs just over 400 Ph.D. economists, who represent an exceptionally diverse range of interests and specific areas of expertise. Board economists conduct cutting edge research, produce numerous working papers, and are among the leading contributors at professional meetings and in major journals. Our economists also produce a wide variety of economic analyses and forecasts for the Board of Governors and the Federal Open Market Committee.
So you're telling us a real estate businessman with a history of not paying contractors, a failed university, a failed steak business, who can't stay off of Twitter at 5:00am ranting about this and that, who fires everyone who doesn't agree with him, is the genius who understands everything about economic theory that he never studied and the "over 400 Ph.D. economists" are just to dim-witted to comprehend his genius???
You sir are one of a kind.
Posted on 9/12/19 at 4:42 pm to LSURussian
quote:
You keep mentioning Economic courses that you never attended. Why is that?
Russian, the kid's still in college.
Posted on 9/12/19 at 5:27 pm to UpstairsComputer
quote:
What you're advocating for is default.
Not default but rather restructuring to a 100 year maturity.
Posted on 9/12/19 at 5:28 pm to Adam4848
quote:
Russian, the kid's still in college.
I guess that’s factually correct, but not in the manner you imply. 
Posted on 9/12/19 at 5:45 pm to Adam4848
This thread exemplifies the high point of internet.
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