“Why Are Democrats So Worried About A Fed Rate Hike?”
Because the economy, such as it is, is running on nothing but the fumes from effectively-zero interest rates.
“Because the economy, such as it is, is running on nothing but the fumes from effectively-zero interest rates.”
And, we he some temporary immunity from high gas prices. Not too long ago, if someone farted in the Middle East, oil would go up $10.00/barrel. Without fracking, given the present state of the Mideast, oil would probably be $120/barrel.
Doesn’t the Fed’s low-interest policy mean that our economy is perceived to be in need of more and more borrowed money?
Our economy must be piling up debt.
How is this supposed to end? How is this a good thing?
The theory must be that once the economy is strong it will pay off the low-interest debt.
Couldn’t the amount of debt will get to a “point of no return”. Maybe not. Maybe we’ll become like a lawn with no fertilizer.
Something rotten is going on and I think Trump is the best guy to straighten things out.
And they want the economy to trash after the election so Ocraphead can blame others.