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So what we're looking at here are tax cuts coming up for businesses and individuals. We all know the country can't afford it but it's only debt, right? So it's going to pile on the $20 Trillion debt.
But the bottom line is its going to spur the economy. For how long? I don't know. I thought the debt bubnle would have exploded long ago, but the power of the fed and the power of the pen and the power of the printing press are apparently quite large.
So anyway, you would already be hard enough to raise interest rates right now. After all this, there's no way they will ever be able to raise rates at all. Does this mean housing prices are going to stay where they are and increase?
Trump wants to juice the economy but I don't see how he gets a budget with a massive deficit through Congress. My expectation is that they'll slash safety net spending to offset a modest tax break for rich people. Medicaid/CHIP will be cut in half. Section 8 housing and food stamps will be dramatically curtailed.
I'd guess we have a pretty good chance of seeing a dec rate hike
Agree. It is almost a 100% chance at this point. The FED is also talking about 2 rate hikes in 2017, but they said the same thing this past year.
That said, one tiny interest rate hike is virtually nothing considering rates have been at all-time lows for years now. Hiking a few times while significant will barely lift us above historic lows.
Loving Trump, so far...
The economic "mood" is so positive.
Stock, tax cuts, factories coming back...
Even out doing shopping for Christmas this year...
(MD PA border)
The shopping is a better one than a year or a few years ago.. people are already buying and spending like before 2006/7...
Loving Trump, so far...
The economic "mood" is so positive.
Stock, tax cuts, factories coming back...
Even out doing shopping for Christmas this year...
(MD PA border)
The shopping is a better one than a year or a few years ago.. people are already buying and spending like before 2006/7...
Tax cuts will be easy to pass. They always are. If the Bush years were any guide, for most of us this will mean a few hundred or maybe low $1000s of tax savings at most. The problems will come a few years down the road.
Tax cuts will be easy to pass. They always are. If the Bush years were any guide, for most of us this will mean a few hundred or maybe low $1000s of tax savings at most. The problems will come a few years down the road.
...with Bush having one of the the worst effects on the stock market in "recent" years...second only to Nixon. The Ford blip really wasn't because of Ford but we were coming into a post "war" economy which is almost always a boon economy.
Economic "mood" and the affect it has on people's psych is a large part of consumer confidence. I'm assuming much of it is anticipatory (of a Trump presidency) and it probably overblown as is much of all knee-jerk reaction to events. However, overall, there should be a pretty good boost to the economy over the next 2-3 months.
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