Do you remember then private citizen Donald Trump criticizing both Obama and Janet Yellen of doing the same thing he is demanding today?
You may be aware that without a large and thriving middle class, we don’t have a decent economy anyway. Artificially low rates for so long results in starving the middle class, savers, and seniors of badly needed cash flow that comes from bank deposits and short term Treasuries.
Low rates for this long also causes severe dislocations in the real economy.
Do the right thing and the economy will function properly. Good economy will get votes anyway.
Yes. Investors need attractive rates. It’s a difficult problem with the trade imbalances and currency wars. Balance of payments deficits and big government are driving the debt regime. We’d see more efforts towards better solutions, if we hadn’t allowed the Democrats to take the House.
With the Democrat House, you see, we aren’t getting necessary defense funding without continuing too much spending on nonessential programs elsewhere. There’s even more trouble ahead with anti-Second-Amendment legislation being proposed by way of anecdotes blown out of proportion for emotional effect. It’s reminiscent of the feminist putsches to destroy the family with similar legislation (VAWA, etc.).
The most dangerous thing about shopping at Walmart besides the germs, is the buildup of Chinese military forces including the nuclear weapons buildup in the nations of the new axis.
“Artificially low rates for so long results in starving the middle class, savers, and seniors of badly needed cash flow that comes from bank deposits and short term Treasuries.”
We have lived with that situation since the beginning of Dubya’s administration. The poor return on Treasuries since 2001 is what had investment banks farming the subprime mortgage market for high yield paper, and the resulting housing bubble.
“Nine of the last four recessions have been predicted by: economists, media, the market etc….there truly is nothing new under the sun.”