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Originally Posted by Guest
The FED policies are the primer for holding up the stock market which has been good primarily for the 1%. Conversely the FED non-existent interest rates have been bad for the average guy ( yes those posting in this thread)and has been bad for the bond market. The lack of interest rates has created less savings
in this nation.
An explanation for the sudden uptick in the market has been explained by Trump's rapid removal of much of the regulation of business Obama passed by fiat. This they claim explains the increase of 3% growth in the last two quarters when Obama experts said the new norm would always be between 1.5% and 2.0%
Powell is said to be Trump's pick for the FED. If so I will be disappointed as my choice would have been John Taylor (Taylor Rule). Actually I would abolish the FED
I have never understood the #NeverTrump thing because it would seem that given self-preservation alone people would hope that whoever was president s/he would succeed because it benefited us all?
But here we are
Personal Best Regards;
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The Fed is keeping the economy afloat...along with the stock market...by injecting over $4 trillion into the markets over the last 8 years.
The government keeps the economy afloat with deficit borrowing of over $1 trillion each year. That's over $3,000 per EVERY man woman and child...every year.
It's a fake economy being help up by borrowing. America is bankrupt. We owe $20 trillion, we go over $1 trillion deeper in the hole every year. We're becoming a minority majority...America is done, finished, within 30 years. It's a mathematical certainty. Like predicting interest payments on a mortgage.