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Obviously to save his company a lot of money. He owes millions to Deutsche Bank, with hefty interest.
And this is why presidents divest themselves of their businesses. Trump has eliminated ethics in the WH. He has huge conflicts of interest and Donald Trump is corrupt as hell. He will always do what is best for him first, because it is the ONLY way he knows how to do things.
Remember when he lied that the tax cuts for the wealthy would hurt him?
It is natural for economies the fluctuate even when there are no trade wars. It never stays at a constant.
YEs and if you peruse my posts, I have said that I believe a down turn is imminent. 10 year recovery, 108 months of positive job growth -- it is bound to happen.
But the trade war is impacting global economics and stability....it just is.
If the USA is successful in hurting the CHinese economy it will hurt the world economy which....wait for it....wait for it....will impact our economy,
Obviously to save his company a lot of money. He owes millions to Deutsche Bank, with hefty interest.
And this is why presidents divest themselves of their businesses. Trump has eliminated ethics in the WH. He has huge conflicts of interest and Donald Trump is corrupt as hell. He will always do what is best for him first, because it is the ONLY way he knows how to do things.
Remember when he lied that the tax cuts for the wealthy would hurt him?
All real estate people (who don't work for a bank) love low interest rates, because low rates juice the real estate market. Buyers can afford loans to buy homes or buildings at higher selling prices than what they otherwise could afford.
DJT is President, but he is still a real estate guy because he divested nothing, except turning over day to day running of "The Organization" to his sons. His financial interests (and huge loans) are still tied in with The Organization. Of course, we don't really know many details, because we have not seen his tax returns like every other president in recent memory has disclosed. For all I know, Trump might have bought a ton of long term treasury bonds last year, knowing that if he could force interest rates way down, the value of those bonds go way up. He could be making a killing in bonds right now, because he has the power to do it. All he has to do is release the tax forms to clear up all these wild possible scenarios of how he is taking actions to benefit himself and his "organization" at the expense of the country and the rest of the world.
Anything he claims to be doing for the good of the country is actually to benefit himself first and foremost. He doesn't give a rat's ass about this country nor the people in it.
"Trump stands to save millions of dollars annually in interest on outstanding loans on his hotels and resorts if the Federal Reserve lowers rates as he has been demanding, according to public filings and financial experts."
Trump "has already benefited from falling interest rates that were spurred in part by a cut the Federal Reserve announced in July, the first in more than a decade — and his payments could drop by millions of dollars more annually if the central bank grants Trump’s wish and further lowers short-term rates."
Lowering the interest rates has to do with our trading partners in the rest of the world. They are in a recession and have lowered rates this make the value of the dollar higher. Our higher dollar makes our exports more expensive, and makes it harder for us as a whole country to compete with other countries. The drop in interest rates would make the value of the dollar lower.
With so many countries stuggling with weak economies, weakening their currency to help boost their economy has been a popular tactic.
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