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Trump saying he's not happy about interest rates going up
Posted on 7/19/18 at 12:09 pm
Posted on 7/19/18 at 12:09 pm
Why? 
20
Posted on 7/19/18 at 12:10 pm to Lou Pai
Probably because he's levered up the arse.
Posted on 7/19/18 at 12:11 pm to Lou Pai
quote:
Why?
Because he knows most Americans hold debt and are not lenders.
Posted on 7/19/18 at 12:13 pm to Lou Pai
Our President is always looking out for us!
Gas prices, Drug prices, High interest rates,etc. What ever it is Our President makes sure we aren't being taken advantage of!
Gas prices, Drug prices, High interest rates,etc. What ever it is Our President makes sure we aren't being taken advantage of!
Posted on 7/19/18 at 12:14 pm to Lou Pai
Because people are earning money off of paper that isn't backed by anything of significant value.
Posted on 7/19/18 at 12:15 pm to GumboPot
Huh? He picked Jerome Powell. Why didn't he pick someone more dovish than Yellen if he's going to be a pussy about interest rates.
This post was edited on 7/19/18 at 12:16 pm
Posted on 7/19/18 at 12:15 pm to Seldom Seen
quote:
Our President is always looking out for us!
There is a lot of evidence to support this assertion.
quote:
Gas prices, Drug prices, High interest rates,etc.
Yep.
Posted on 7/19/18 at 12:15 pm to Lou Pai
quote:
Why?
Because Comrade Trump is literally Hitler
Posted on 7/19/18 at 12:16 pm to TaderSalad
What?
Posted on 7/19/18 at 12:17 pm to Lou Pai
He should put a YUGE tariff on the Fed Reserve until interest rates are more fair and reciprocal! 
Posted on 7/19/18 at 12:19 pm to Lou Pai
quote:
Huh? He picked Jerome Powell. Why didn't he pick someone more dovish than Yellen if he's going to be a pussy about interest rates.
I lightly perused the Fed's Beige Book last night. It's apparent the Fed language therein is leaning toward rate hikes. That's the only problem with good news, sometimes it's offset with impending higher rates.
Posted on 7/19/18 at 12:20 pm to Lou Pai
Because interest rates are controlled by them. And its all bullshite anyway with fake money made out of thin air....backed by nothing.
This post was edited on 7/19/18 at 12:21 pm
Posted on 7/19/18 at 12:21 pm to BlackHelicopterPilot
quote:
He should put a YUGE tariff on the Fed Reserve until interest rates are more fair and reciprocal!
The amazing thing is the Executive Branch has no control of the Federal Reserve. I don't believe Congress even has the power to check the Federal Reserve.
Posted on 7/19/18 at 12:23 pm to Lou Pai
quote:
What?
You think the dollar is backed by something substantial?
Posted on 7/19/18 at 12:23 pm to Lou Pai
quote:
Why?
More $$$ it will take to service the 20 trillion in debt. Huge looming problem in the near future.
Posted on 7/19/18 at 12:25 pm to Lou Pai
You can have either higher interest rates now, or accelerating inflation later. The Fed believes higher interest rates are less painful.
I tend to agree with them.
The last time we had run away inflation, the fed had to get the fed funds rate (it would be LIBOR now) up to 20% and TBond rates up to 14 or 15%. Nipping inflation in the bud now will be less painful in the long run.
I tend to agree with them.
The last time we had run away inflation, the fed had to get the fed funds rate (it would be LIBOR now) up to 20% and TBond rates up to 14 or 15%. Nipping inflation in the bud now will be less painful in the long run.
Posted on 7/19/18 at 12:25 pm to Lou Pai
What's funny before he took office we had an 8 year period where it went up once. No one was ever helped more than the last with everything and was still a horrible failure.
Posted on 7/19/18 at 12:25 pm to Lou Pai
It's a purely political statement.
Rising inflation without any wage increases mean the Real Wages will not increase like he was hoping for before the midterms.
He could push for Congress to audit the Fed, but I'm not holding my breath.
Rising inflation without any wage increases mean the Real Wages will not increase like he was hoping for before the midterms.
He could push for Congress to audit the Fed, but I'm not holding my breath.
Posted on 7/19/18 at 12:26 pm to GumboPot
quote:
The amazing thing is the Executive Branch has no control of the Federal Reserve. I don't believe Congress even has the power to check the Federal Reserve.
Wait, doesn't POTUS appoint the entire board and chairman?
Posted on 7/19/18 at 12:27 pm to TaderSalad
quote:
You think the dollar is backed by something substantial?
It's backed by our military.
If anyone tries to undermine it we annihilate them.
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