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Old 08-19-2019, 09:39 AM
 
9,522 posts, read 2,893,827 times
Reputation: 5713

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So, Trump's policies are biting the average Joe in the ass, so he wants the Fed to come in and rescue him from himself. How convenient.

https://www.cnbc.com/2019/08/19/trum...ve-easing.html
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Old 08-19-2019, 10:09 AM
 
15,472 posts, read 17,816,544 times
Reputation: 13597
Quantitative easing is a crisis-era money-printing program.

This means Trump just admitted to an upcoming economic crisis.

He gave away trillions to billionaires and companies via tax cuts, yet the economic crisis is on the horizon. His tariff war is a failure.

Everything Trump touhes is a failure. In his private life, usually this ended in a settled lawsuit or bankruptcy. Now he's causing the US economy to fail. He can't simply fix it with a lawsuit.

Republican presidents over the past few decades always put the country into a recession. Then it takes a Democratic president to fix the economy.
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Old 08-19-2019, 10:14 AM
 
Location: Kansas City, MISSOURI
9,328 posts, read 2,848,586 times
Reputation: 7109
If the economy were strong, we wouldn't need a rate cut. Thus, since Trump is asking for a rate cut indicates how weak the economy really is. Though of course Trump is too stupid to realize that.
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Old 08-19-2019, 10:15 AM
 
Location: Denver, CO
8,657 posts, read 1,979,435 times
Reputation: 1701
End the Fed.
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Old 08-19-2019, 10:19 AM
 
1,951 posts, read 492,511 times
Reputation: 1768
If we keep lowering interest rates, we will have one less tool to use when an actual recession does happen!

Thank's Trump! He really wants to get reelected before the next recession happens, but after that he doesn't care if it screws over the country. It's always about him in the end.
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Old 08-19-2019, 10:22 AM
 
9,001 posts, read 4,007,258 times
Reputation: 1769
Trump knows debt. Next term the liberal Trump may very well sign his signature and long lasting legacies in massive infrastructure and/or healthcare. And those will take massive new central money creation. We will have to be more creative to manage it. MMT'ers have some ideas.

https://en.wikipedia.org/wiki/People...itative_Easing
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Old 08-19-2019, 10:30 AM
 
Location: Texas
27,116 posts, read 11,384,053 times
Reputation: 6245
Implement it? Implement? lol QE has been going on since Obama was in office.
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Old 08-19-2019, 10:32 AM
 
9,001 posts, read 4,007,258 times
Reputation: 1769
Quote:
Originally Posted by Loveshiscountry View Post
Implement it? Implement? lol QE has been going on since Obama was in office.
Quit QE's fall of 2014.
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Old 08-19-2019, 10:33 AM
 
Location: Haiku
4,540 posts, read 2,698,408 times
Reputation: 6620
Classic Trump - use debt to get your business out of trouble and then default on the debt payments. Trouble is, if the US were to default it would crash the world economy. Trump is in way over his head here and needs to shut his yap and let the adults manage the Fed.
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Old 08-19-2019, 10:34 AM
 
Location: Kansas City, MISSOURI
9,328 posts, read 2,848,586 times
Reputation: 7109
This is the most wondrous summary of Trump's tax cut you could possibly imagine!
https://www.calculatedriskblog.com/2...-tax-cuts.html
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