In so many ways, we’re entering “fun times”. :)
I’m so glad I got out of Seattle and into a farm in rural KY. And chickens.
They are trying to kill any chance of recovery that trump can claim credit for.
Glad I got my mortgage when I did.
Yellen wants to tank Trump’s economy. She’s Obama’s girl.
I’m surprised they waited this long. I thought they’d do it the day Trump got in
A quarter point raise by the Fed there or four times this year is not going to do much of anything to the economy. The rates are so low that it is going to take years to normalize rates.
And Treasury is asking Congress to raise the debt limit. We are living during great times.
This is their economic weapon against Trump. Notice this came out just as the enormous job gains were reported. The Deep State cannot allow Trump to succeed, or they will lose the whole Progressive project (for which we would praise God).
We suspected that after Obutthole left office that rates would begin to rise so we have cleared nearly all debt but our low interest 15yr fixed mortgage. Unfortunately most have not done so, including our GenX kids. I worry about them and our grand kids.
I am glad to see rates start to increase.
My moneymarket is paying 0.75% per year. Some 25 years ago, my moneymarket was paying a moderate rate of 8%.
Low interest rates are great for credit cards, mortgages, auto loans, etc. Low interest rates are the pits for ‘cash’ saving accounts.
Back in october when it looked like hilary was going to win the fed in its minutes especially yellen talked about measured increases and to essential expand the low rate game hinting at a no rate increase in december and maybee a increase in 2017...
Trump wins... Increase in dec 2016, now we are going to have an increase in March and one in june and december... They are activly acting agains the trump administration.
Jeffrey Gundlach, chief executive officer at DoubleLine Capital, said on Tuesday he expects the Federal Reserve to begin a campaign this month of “old school” sequential interest rate hikes until “something breaks,” such as a U.S. recession.
...
Historically, he’s taking the smart position. The FOMC is the great causer of recessions and suppressor of wages.
Will have to see how things pan out.....
Funny that that they will throw caution to the wind now that Trump is in office, but were the handmaiden of low interest rates for the past 2 decades.
End the Fed! and then go back on the gold standard.
I predicted that when President Trump was declared winner. The lefties at the Fed will try to harm the nation’s economy to make him look bad. End the damned Fed!
Ah, the better to slow the economy down so it can be blamed on Trump......