U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 01-02-2019, 08:08 AM
 
8,481 posts, read 3,619,356 times
Reputation: 1657

Advertisements

Quote:
Originally Posted by C2BP View Post
America needs a strong dollar to increase saving and to demolish debt. THE FED UNWIND of the balance sheet is designed to do this, begin to repair what QE did or didn't do. QE protected debt, encouraged more. But the world has too much debt. It need to reduce debt.

We think we can skip the DEFLATION SEASON, the shadow side of the economy. WE CANNOT.
Bernanke's Folly is being UNWOUND, finally.
And this will do what to raise the lot of our middle class?
Reply With Quote Quick reply to this message

 
Old 01-02-2019, 11:50 AM
 
812 posts, read 448,870 times
Reputation: 1206
Quote:
Originally Posted by Hoonose View Post
And this will do what to raise the lot of our middle class?
It will FREE many from DEBT SLAVERY. It will allow and encourage our citizens to SAVE money.
America needs to spend less and save more. How do we get that to happen??? This will be accomplished through higher interest rates.

Good Luck!!!
Reply With Quote Quick reply to this message
 
Old 01-02-2019, 11:54 AM
 
Location: USA
14,503 posts, read 7,749,149 times
Reputation: 10542
Quote:
Originally Posted by C2BP View Post
America needs a strong dollar to increase saving and to demolish debt. THE FED UNWIND of the balance sheet is designed to do this, begin to repair what QE did or didn't do. QE protected debt, encouraged more. But the world has too much debt. It need to reduce debt.

We think we can skip the DEFLATION SEASON, the shadow side of the economy. WE CANNOT.
Bernanke's Folly is being UNWOUND, finally.
I agree in concept. However, it may be happening too quickly. Our historically low interest rates during Obama was a sure sign of a VERY weak economy. Now that the economy has strengthened we do need to see a rise in rates, but maybe more gradually.
Reply With Quote Quick reply to this message
 
Old 01-02-2019, 12:06 PM
 
812 posts, read 448,870 times
Reputation: 1206
Quote:
Originally Posted by Pilot1 View Post
I agree in concept. However, it may be happening too quickly. Our historically low interest rates during Obama was a sure sign of a VERY weak economy. Now that the economy has strengthened we do need to see a rise in rates, but maybe more gradually.
Our economy has been dead since 2001. No real economic growth was possible after 2001. The Crazy Fed decided to steal money from the future, our taxpayer money to fake or simulate economic growth and to preserve old debt, instead of destroying it. Now we have many zombie corporations still alive and dependent on artificially low interest rates. Rates need to be raised and normalized. If that makes many corporations and indebted individuals bankrupt so be it. This zombie and fake economy needs to die!!!!
Reply With Quote Quick reply to this message
 
Old 01-02-2019, 01:00 PM
 
8,481 posts, read 3,619,356 times
Reputation: 1657
Quote:
Originally Posted by C2BP View Post
It will FREE many from DEBT SLAVERY. It will allow and encourage our citizens to SAVE money.
America needs to spend less and save more. How do we get that to happen??? This will be accomplished through higher interest rates.

Good Luck!!!
The middle class always has the choice of buying stuff today or taking on debt. This is an individual's choice.

What we might need is something China did when it wanted to encourage savings. A higher rate for middle class savers. I don't think that will change anyone's life, but 2% vs 5% over a life time can add up.
Reply With Quote Quick reply to this message
 
Old 01-02-2019, 01:02 PM
 
8,481 posts, read 3,619,356 times
Reputation: 1657
Quote:
Originally Posted by C2BP View Post
Our economy has been dead since 2001. No real economic growth was possible after 2001. The Crazy Fed decided to steal money from the future, our taxpayer money to fake or simulate economic growth and to preserve old debt, instead of destroying it. Now we have many zombie corporations still alive and dependent on artificially low interest rates. Rates need to be raised and normalized. If that makes many corporations and indebted individuals bankrupt so be it. This zombie and fake economy needs to die!!!!
What interest rate would you like?
Reply With Quote Quick reply to this message
 
Old 01-02-2019, 02:46 PM
 
812 posts, read 448,870 times
Reputation: 1206
Quote:
Originally Posted by Hoonose View Post
What interest rate would you like?
The higher, the better. I would love to see 10%+......20% maybe . We need to make our currency very strong. The Strong Dollar makes America STRONG again. The Weak Dollar makes America weak, giving money away. The Strong Dollar brings China and Russia to their knees!!!!
Reply With Quote Quick reply to this message
 
Old 01-02-2019, 04:58 PM
 
8,481 posts, read 3,619,356 times
Reputation: 1657
Quote:
Originally Posted by C2BP View Post
The higher, the better. I would love to see 10%+......20% maybe . We need to make our currency very strong. The Strong Dollar makes America STRONG again. The Weak Dollar makes America weak, giving money away. The Strong Dollar brings China and Russia to their knees!!!!
I would feel sorry for that economy as it severely contracts. Huge job losses.

Mortgages would be out of reach for so many. And as so much of our economy and society itself relies on home ownership, it would be nothing short of pitiful. Durable goods would sink.

Very hard on business too, especially with expansion.

The stock market would stay down.

Banks would do well. Cash savers would do well.

But why on earth do you think Russia or China would crump?

IMO the ONLY reason for such high interest rates is to combat onerous inflation.
Reply With Quote Quick reply to this message
 
Old 01-02-2019, 09:14 PM
 
2,310 posts, read 1,249,254 times
Reputation: 4766
Quote:
Originally Posted by C2BP View Post
strong dollar...


I'm going to regret even poking my head into this but something is bugging me..

Strong dollar, compared to what exactly? When you answer this, please inform me what you are comparing the dollar against and if you feel the dollar was weak vs this and in what time period are you talking about.

Answer that because I'm genuinely curious what you are going on about.
Reply With Quote Quick reply to this message
 
Old 01-02-2019, 09:57 PM
 
812 posts, read 448,870 times
Reputation: 1206
Quote:
Originally Posted by Hoonose View Post
I would feel sorry for that economy as it severely contracts. Huge job losses.

Mortgages would be out of reach for so many. And as so much of our economy and society itself relies on home ownership, it would be nothing short of pitiful. Durable goods would sink.

Very hard on business too, especially with expansion.

The stock market would stay down.

Banks would do well. Cash savers would do well.

But why on earth do you think Russia or China would crump?

IMO the ONLY reason for such high interest rates is to combat onerous inflation.
Hoonose, QE and ZIRP are unmitigated theft from the public in favor of the elite who have lost their conscience. I understand you can make the argument that such Socialism for the Rich saves jobs, and keeps Americans from economic hardship. You can make that argument. But not without seeing the other side of the argument, that it also transfers immense wealth from taxpayers to the VERY rich. It also destroys the religion of capitalism, upon which some Americans like myself believe America was founded.

Bailing out failing companies makes these companies weaker and more dependent upon PUBLIC BAILOUT. All the arguments that were made against welfare for individuals in the 1960's by the conservatives, many correctly, can be used against Wall Street today. Weak companies need to fail, so that stronger companies with better products or systems can replace them. We are impeding Nature's replacement system with Man's imagined empathetic replacement system (money going from the public's pocket to the corporations). That is NOT capitalism.

The stock market will deflate. Dow Jones needs to retrace under 11K, back where it was in a year 2001.

Mortgages won't be out of reach for many because purchase price will be cut in half. It's always better to pay higher interest rates and lower purchasing price.

Russia and China are heading for a long decade of difficulty. Russia hates the strong dollar. It drives down the price of their life-blood, oil. China should not hate the strong Dollar as much, as they import cheaper oil when the dollar is strong, as does India and Japan. The US Dollar has been suppressed by the ZIRP crazy central banks (FED most notably). Now that the Dollar is rising, Asia is beginning to feel it. All the emerging markets gobbled up low interest loans in a weak dollar and now they are being crushed by a dollar shortage in that they have to pay much higher amounts to roll to debt over. The rebellion against the dollar is that foreign nations love the Dollar when its weak (for borrowing) but hate it when it is strong. The Asian Currency Crisis in 1998 and the Russian Default Crisis at the same time came from the strong Dollar. We are heading there again. FED UNWIND scheduled through 2022 removes dollars from circulation, which makes them more costly and more in demand.

Weak Dollar seeds the Global Economy; Strong Dollar harvests the Global Economy. Can't have one without the other.

Good Luck!!!
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top