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And Trump has called the stock market a big bubble that will collapse as soon as interest rates normalize.
And he's yet to outperform Obama on the stock market if using that as a yard stick.
That is why he leans on the fed so hard. Just trying to keep it floating until after 2020. Have to keep the borrowing going by keeping the interest rates low. The down side to this is you have no where to go if you need to juice the economy because the rates are already near negative on bank borrowing.
I find it interesting that we still say we are in a 10 year recovery yet tout high stock numbers. See you cannot be both in a recovery as in climbing out a hole and also be at the hugest point the economy has ever by looking at stock market numbers.
The real economy did recover some but the economy and jobs as we know then is changing. The Industrial Age is ending and we are not sure what we are entering into. Currently we are a finance and services country and as more of the economy moves form exportable sellable areas (manufacturing) we have not found effective replacements within our growing services sector. Hard to export our services sector at the cost required to meet our economic needs.
put the word "study" in front of anything that agrees with a liberal point, and the left will call it doctrine.
Put the word "study" in front of anything that agrees with a conservative point, and the right will call it doctrine.
Having said that, you are free to compare GDP growth and budget deficits under all presidents since Carter. Let us know if you come up with anything different than Deutsche Bank said.
put the word "study" in front of anything that agrees with a liberal point, and the left will call it doctrine.
BTW, this does not even say the dems were better at GDP growth. The study says they're about the same. So I'm not sure why you say this is a liberal point.
That is why he leans on the fed so hard. Just trying to keep it floating until after 2020. Have to keep the borrowing going by keeping the interest rates low. The down side to this is you have no where to go if you need to juice the economy because the rates are already near negative on bank borrowing.
Yep there is no reason for interest rates to continue to be this low if the economy is truly in the great record setting shape that it is claimed to be.
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