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Started By
Message
re: Trump Demanding that Interest Rates Drop
Posted on 1/23/25 at 3:40 pm to RogerTheShrubber
Posted on 1/23/25 at 3:40 pm to RogerTheShrubber
I guess we will have to agree to disagree on this.
1
Posted on 1/23/25 at 3:44 pm to FizzyPop
quote:And you've not read the Art of the Deal.
Either you don't know the definition of hyperbole or you didn't read the article in OP. Come on man.
As one of the Davos players put it, "take everything Trump says very seriously, but not necessarily literally."
E.g., Trump also said inflation was the worst ever during the Biden years (probably referencing rate of escalation rather than peak %). He scolded Moynihan for refusing conservative customers (referencing asymmetric debanking). He's bragged the pre-Covid economy of his first term was the best ever, "like nothing anybody's ever seen." He says we're going to tariff China 60%. Then he says we're going to tariff China 10%. Etc. Etc.
Hyperbole.
Posted on 1/23/25 at 3:44 pm to Big Scrub TX
Besides losing his job by resigning, why is he so hell bent on staying there and not helping? Can you answer that?
Posted on 1/23/25 at 3:44 pm to ronricks
quote:trump gave someone a chance and they turned out to be a swamp creature.
Ummm Didn't Trump appoint Powell?
Make this make sense.
this isn't hard.
Posted on 1/23/25 at 3:49 pm to L1C4
quote:
Lol. They won't?
No.... Actually, Lower Interest Rates will inflate the Housing Bubble even more. That's why we have a Housing Bubble now because they kept rates low for to long
Posted on 1/23/25 at 4:00 pm to John Barron
I just asked "Copilot" about removal of the chairman of the federal reserve and it said the President could do it.
Who knew????
Who knew????
Posted on 1/23/25 at 4:03 pm to L1C4
quote:There is a significant percentage of Americans (Boomers, I'm looking at you) who are better off financially if rates are higher because they are surplus savers and earn interest on their savings.
Why do you think Trump wants to lower rates?
Because that's what the people want.
The higher the interest rates, the higher their interest income.
Posted on 1/23/25 at 4:07 pm to John Barron
quote:Do you the difference in a sellers market and a buyers market?
No....actually
Posted on 1/23/25 at 4:09 pm to L1C4
Initially during Covid it was a combination of really low rates coupled with scarcity. I fear a glut more than low rates.
Posted on 1/23/25 at 4:12 pm to LSURussian
quote:CNBC ran a piece yesterday. They said 43% of U.S. homeowners own their homes outright, with no mortgage debt. I was pleasantly surprised at that number.
You keep assuming every homeowner has a mortgage.
Millions of U.S. homeowners own their houses free and clear of debt, including me.
As long as we could borrow in the 2's, and write the interest off to boot, we kept notes on our places and invested the money.
When we moved this summer though, the insanely low rates were history even with private sources, so we became one of the 43% along with you.
Posted on 1/23/25 at 4:16 pm to NC_Tigah
quote:I didn't see that and I didn't realize the percent of homeowners without a mortgage was that high.
CNBC ran a piece yesterday. They said 43% of U.S. homeowners own their homes outright, with no mortgage debt. I was pleasantly surprised at that number.
The last time I looked up that data, which was pre-COVID, the percent was around 35% as I recall.
Posted on 1/23/25 at 4:19 pm to FizzyPop
6-7% interest rates for commercial and personal loans is not historically high by any measure. It seems the lower the Fed funds rate is the more reckless both businesses and individuals become with cheap money.
When people put their hard earned money into a bank it should never earn less than the current rate of inflation and it should certainly earn more than paltry .002% that insane ZIRP policy brings.
When people put their hard earned money into a bank it should never earn less than the current rate of inflation and it should certainly earn more than paltry .002% that insane ZIRP policy brings.
Posted on 1/23/25 at 4:20 pm to dafif
quote:Not Copilot, obviously.
Who knew????
Posted on 1/23/25 at 4:33 pm to RogerTheShrubber
quote:
Lowering the rate is just asking for inflation.
Shhhh, donald can do no wrong in these parts bub.
Posted on 1/23/25 at 4:42 pm to whatiknowsofar
W
Inflation has been lowered
Its not our fault you two morons cant read a report
quote:
Lowering the rate is just asking for inflation.
Shhhh, donald can do no wrong in these parts bub.
Inflation has been lowered
Its not our fault you two morons cant read a report
Posted on 1/23/25 at 4:46 pm to SDVTiger
quote:
Inflation has been lowered
Its not our fault you two morons cant read a report
Holy shite you think this is how it works lmfao.
Posted on 1/23/25 at 4:47 pm to whatiknowsofar
Its ok to admit you are dumb 
Posted on 1/23/25 at 4:47 pm to RogerTheShrubber
quote:Whoops. ETA:
Lowering rates will initially increase demand, which over the course of months will increase pricing.
I was listening live and heard "inflation" not "interest".
Trump said interest rate, not inflation rates.
The odd thing is a Trump economic advisor this evening was citing the recent FFR decreases before hitting targets as a mistake.
So I'm not sure WTF they're pushing as policy
This post was edited on 1/23/25 at 5:14 pm
Posted on 1/23/25 at 4:48 pm to SDVTiger
quote:
ok to admit you are dumb
You tell me with every post
Posted on 1/23/25 at 4:49 pm to L1C4
quote:
I guess we will have to agree to disagree on this.
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