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Old 08-20-2019, 06:15 AM
 
Location: Haiku
4,540 posts, read 2,698,408 times
Reputation: 6620

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Quote:
Originally Posted by hawkeye2009 View Post
Trump is asking that the Fed LOWER RATES. THAT IS EXACTLY WHAT OBAMA DID.

Obama spent $10 trillion to pump up the economy, cut interest rates to zero, and bailed out the banks.

No comparison. When Obama took office in 2009 unemployment was close to 10% and GDP growth was -2.5%. The US was in serious economic trouble. Unemployment now is 3.5% and GDP growth this year is on track to be +2.5%.

The Fed should cut short term rates another 25 BPs but no way should they do any QE. Trump needs to back off his trade wars and quit blaming the Fed.
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Old 08-20-2019, 06:49 AM
 
Location: Kansas City, MISSOURI
9,328 posts, read 2,848,586 times
Reputation: 7109
Quote:
Originally Posted by hawkeye2009 View Post
Trump is asking that the Fed LOWER RATES. THAT IS EXACTLY WHAT OBAMA DID...
So you are saying the economy now is as weak as it was under Obama. Well at least you admit it.
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Old 08-20-2019, 07:13 AM
 
Location: alexandria, VA
9,973 posts, read 4,477,157 times
Reputation: 5541
Quote:
Originally Posted by James Bond 007 View Post
So you are saying the economy now is as weak as it was under Obama. Well at least you admit it.
Bingo! Two thumbs up.
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Old 08-20-2019, 07:30 AM
 
Location: East Lansing, MI
9,224 posts, read 8,077,493 times
Reputation: 3918
Quote:
Originally Posted by Loveshiscountry View Post
The interest rate is still artificially low. Because someone said they quit QE doesn't mean it's true.

So, it's still happening because.... you say so?


Seems legit.

Low interest rates are one of the symptoms/by-products/results of QE, for certain. QE is not the only way to realize low interest rates, though.
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Old 08-20-2019, 09:56 AM
 
9,001 posts, read 4,007,258 times
Reputation: 1769
Quote:
Originally Posted by Loveshiscountry View Post
The interest rate is still artificially low. Because someone said they quit QE doesn't mean it's true.
Low interest rates were a purpose of QE. But low interest is not QE.

Low rates are the new norm for modern and successful central banks world over.

Central banks are certainly part of any economy, and they set rates. For good or bad there is nothing artificial about that policy.
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Old 08-20-2019, 10:03 AM
 
9,001 posts, read 4,007,258 times
Reputation: 1769
Quote:
Originally Posted by hawkeye2009 View Post
Trump is asking that the Fed LOWER RATES. THAT IS EXACTLY WHAT OBAMA DID.

Obama spent $10 trillion to pump up the economy, cut interest rates to zero, and bailed out the banks.

Is that what you want Trump to do????

Libs have a very short memory and simply don't like Trump, but appear to love his policies, as they loved the same actions when Obama did them.
Bush2 started the bank bail...
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Old 08-20-2019, 10:07 AM
 
2,637 posts, read 895,901 times
Reputation: 1837
The Congress has directed the Fed to conduct the nation's monetary policy to support three specific goals: maximum sustainable employment, stable prices, and moderate long-term interest rates. These goals are sometimes referred to as the Fed's "mandate."
https://www.federalreserve.gov/faqs/...ary-policy.htm

Unemployment is low. Interest rates certainly are moderate, even low by historic standards. The only thing that is in jeopardy is stable prices. The best way to stabilize those would be to abandon this stupid trade war.
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Old 08-20-2019, 10:08 AM
 
Location: Seattle
1,267 posts, read 266,895 times
Reputation: 1317
We all know that Trump is going to find somebody else to blame for a Recession. It looks like he has the Fed all lined up to take the fall.
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Old 08-20-2019, 10:15 AM
 
2,637 posts, read 895,901 times
Reputation: 1837
Quote:
Originally Posted by hawkeye2009 View Post
Trump is asking that the Fed LOWER RATES. THAT IS EXACTLY WHAT OBAMA DID.

Obama spent $10 trillion to pump up the economy, cut interest rates to zero, and bailed out the banks.

Is that what you want Trump to do????

Libs have a very short memory and simply don't like Trump, but appear to love his policies, as they loved the same actions when Obama did them.
If we have another financial crisis of the magnitude that occurred in 2007-08, yes. It worked last time.

Problem is, with Trump running up the debt, where are we going to get the $10 trillion? How will we cut interest rates if Trump gets his way and already has them cut to near zero?

Tax cuts, interest rate cuts and stimulus. Those are things you do in a recession. When the economy is doing well, we should be increasing revenue, paying down debt, investing in infrastructure and letting interest rates rise to a natural level.
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Old 08-20-2019, 10:33 AM
 
23,824 posts, read 12,554,249 times
Reputation: 7607
Run up the debt, encourage more debt........gotta love how Trump thinks. Somehow it will all come together.

Bet he thinks the country can just declare bankruptcy to get out of its financial obligations......
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