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Old Yesterday, 04:48 AM
 
Location: Southeastern North Carolina
1,859 posts, read 3,312,267 times
Reputation: 3303

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Because a rate cut will save him money, of course.

https://www.washingtonpost.com/polit...7ce_story.html
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Old Yesterday, 04:55 AM
 
Location: Metro Detroit, Michigan
12,870 posts, read 14,144,494 times
Reputation: 13648
Many of American's largest corporations have quite a lot of debt, as do most of the worlds businesses, and the nations themselves. If the interest rates continue to go up, things will only get more challenging for everyone who is in debt. And the economy was nothing special when Trump took office. Now things are sputtering a little, as we are at the end of the expected business cycle. Regardless of politics, it's about time for a recession, going by the life expectancy of these business cycles.

I think the main thing he wants to do is prevent the stock market from falling too much. The trade war is not helping the market one bit, and any more strain could send things down quickly and fast. He definitely doesn't want to preside over a stock market free fall. Controlled decline for awhile is ok and tolerable, but a crash on his watch anytime now till election time would be really bad news for his election chances. Keeping interest rates low, like they were during Obama's time in office, will help keep the stock market stable, or at least not upset it.


He's not been bragging about the stock market lately, but he's defiantly paying close attention. He knows that if interest rates go up too fast, it will upset the market, and a good chunk of America will blame him for it. So, he's pressuring Powell not to push it. And making fun of him a lot, which I don't really think helps much, if at all. But so far, Powell hasn't pushed the interest rates higher than they need to be.
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Old Yesterday, 05:23 AM
 
38,944 posts, read 15,283,229 times
Reputation: 25284
Interest rates are at historically low levels.

"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."

https://www.washingtonpost.com/polit...ml?arc404=true

While Don Jr. and Eric are supposedly managing the family business, Trump retains ownership.

This is a huge conflict of interest.
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Old Yesterday, 05:54 AM
 
1,208 posts, read 213,200 times
Reputation: 711
Quote:
Originally Posted by andywire View Post
Many of American's largest corporations have quite a lot of debt, as do most of the worlds businesses, and the nations themselves. If the interest rates continue to go up, things will only get more challenging for everyone who is in debt. And the economy was nothing special when Trump took office. Now things are sputtering a little, as we are at the end of the expected business cycle. Regardless of politics, it's about time for a recession, going by the life expectancy of these business cycles.

I think the main thing he wants to do is prevent the stock market from falling too much. The trade war is not helping the market one bit, and any more strain could send things down quickly and fast. He definitely doesn't want to preside over a stock market free fall. Controlled decline for awhile is ok and tolerable, but a crash on his watch anytime now till election time would be really bad news for his election chances. Keeping interest rates low, like they were during Obama's time in office, will help keep the stock market stable, or at least not upset it.


He's not been bragging about the stock market lately, but he's defiantly paying close attention. He knows that if interest rates go up too fast, it will upset the market, and a good chunk of America will blame him for it. So, he's pressuring Powell not to push it. And making fun of him a lot, which I don't really think helps much, if at all. But so far, Powell hasn't pushed the interest rates higher than they need to be.
At some point we have to let some of these companies fail. No one asked these corporations to borrow money to do stock buybacks to pump stock prices. All these artificial ways to pump stock prices are the reason these businesses are in trouble, its not solid business, it's just a stock market cash grab. They got there cash when they wanted it, now they need to pay the price for reckless business practices.

Nest time perhaps the American people will revolt when the word Bailout is mentioned as the upcoming recession kicks off. Cull the bad businesses and CEO's so we can get out of this stupid boom bust cycle.
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Old Yesterday, 06:12 AM
 
304 posts, read 146,214 times
Reputation: 712
Negative interest rates now!
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Old Yesterday, 06:24 AM
 
23,890 posts, read 12,576,751 times
Reputation: 7634
What large corporations have large debt?

And so we will encourage more debt by lowering interest rates?

The whole point of lowering interest rates is to encourage spending/investment. USually a govt. will use this tactic during a recession or slow economy to try and stimulate it.

Trump has chosen a methodology of trying to negotiate trade that is resulting in the instability in the stock market. Using the interest rate to try and stabilize may do nothing to stop the instability.

It may encourage businesses and individuals to incur more debt though.

AND if we are heading to a recession (just because we have been in a 10 year recovery) the govt. will have used one of the tools normally saved for a problem economy. I think that there will be a recession. When -- I don't know. Just like I am not convinced Trump is not responsible for the success of the economic growth for the last 10 years, I won't blame him for a recession . The extent of the recession and the impact on the stock market will depend on HOW Trump deals with trade deals. Right now it is failing. We are in a state of instability. Trump is about putting on a show and this stance on tariffs has become his new 'wall' . IT doesn't matter to him if it is the most effective way. It puts on the best show and seems to be easy. Problem -- China is clearly willing to risk a slow economy not to back down to USA.

Historically Republicans stood for conservative fiscal policies. This would NOT Include lowering the rate to help out an ineffective trade negotiation policy. Lowering rates would only be used in a problematic economy.

Oh and let's remember Trump and his admin. are telling us the media is creating this economy right now -- that the truth is it is all good.

Trump and his admin. complain about the media's coverage of their policy decisions but this is a perfect example why they do get criticized. Their message is muddled, contradicting & chaotic,
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Old Yesterday, 06:31 AM
 
19,803 posts, read 12,450,501 times
Reputation: 10957
Quote:
Originally Posted by Ellise View Post
Because a rate cut will save him money, of course.

https://www.washingtonpost.com/polit...7ce_story.html
The economy is slowing, so lower interest rates increases liquidity.

Obama cut interest rates to nearly zero for the same purpose.

It was "great" when Obama did it. Now it is "stupid" when Trump does it.
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Old Yesterday, 06:38 AM
 
Location: The Republic of Texas
67,314 posts, read 34,278,271 times
Reputation: 14494
Quote:
Originally Posted by Ellise View Post
Because a rate cut will save him money, of course.

https://www.washingtonpost.com/polit...7ce_story.html
To even out China's currency manipulation. China just inflated their currency, Bigly.
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Old Yesterday, 06:44 AM
 
23,890 posts, read 12,576,751 times
Reputation: 7634
Quote:
Originally Posted by hawkeye2009 View Post
The economy is slowing, so lower interest rates increases liquidity.

Obama cut interest rates to nearly zero for the same purpose.

It was "great" when Obama did it. Now it is "stupid" when Trump does it.
WE were in the deepst recession any of us have ever seen when interest rates were cut before. It was a drastic move for the worst economy we have seen.

Cutting interest rates should be 'saved' for when there is a recession....not just to help buoy Trump's erratic, chaotic trade policies.

There is no guarantee that lower interest rates will give investors the confidence that the trade war is not serious.

That's why there is instability at Wall Street right now. IT isn't a concern for a slowing economy -- it is the trade war.

Are Trump and fans suggesting the economy today is as bad as the economy was in 2007/2008/2009 -- really?
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Old Yesterday, 06:51 AM
 
9,197 posts, read 5,670,951 times
Reputation: 3909
Quote:
Originally Posted by GotHereQuickAsICould View Post
Interest rates are at historically low levels.

"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 ó and his payments could drop by millions of dollars more annually if the central bank grants Trumpís wish and further lowers short-term rates."

https://www.washingtonpost.com/polit...ml?arc404=true

While Don Jr. and Eric are supposedly managing the family business, Trump retains ownership.

This is a huge conflict of interest.
First, thatís simply not true at all... more fake news coming from the left that are hoping for and pushing the idea of an imminent recession. The prime auto loan rates are, right this very minute, running about 1 to 1.5 points higher than they were two years ago, as a result of the FED raising rates 6 times in Trumpís first two years. Thatís a fact.

Secondly, as the trade war heats further between the US and China, anything to generate market confidence will produce positive results, particularly given the economic woes of the EU, which is impacting the world economy, of which we are a part.

The truth of the matter is that given these factors, a slowing of our 3+% economic growth numbers that have been maintained so far cannot be sustained, given the decline in the world economy, along with the treasonous behavior of the globalist controlled financial entities, and the complicity of the mainstream media fear mongering about economic Armageddon. The bottom line is, since the phony Russia Collusion narrative failed, and the racism narrative hasnít gained any traction, the only weapon the globalists have left is to deliberately tank the economy in the lead up to 2020. Putting pressure on, and exposing the FED is simply a counter measure to their covert efforts to create a recession ahead of the 2020 election.
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