Yikes. Another sell off.
- Thread starter WVUCOOPER
- Start date
Thanks Trump. He's more than glad to claim credit when it's going up but blames the Fed chief for the ongoing market downturn, smh. What a finger-pointing little ***** he is.
The fed that never raised interest rates once so that Obama could give free money. It's not a problem that we are actually in a spot where we can charge interest on our money. The travesty was what went on the previous admin where the policies were so bad, nobody was willing to grow.
He'll blame the dems for this in a tweet sometime tonite.I assumed it was because of the upcoming blue wave.joy
Trump says the Federal Reserve caused the stock market correction, but he won't fire Chair Powell
https://www.cnbc.com/2018/10/11/tru...correction-caused-by-the-federal-reserve.html
Meh. Water off the back my friend. Unless you are retiring tomorrow and taking everything out.
Do you really think that free money was because of the great non growth policies?
There is no inflation and therefore no reason for the FED to raise interest rates. The latest report on prices showed inflation well below 2% which is normal during an expanding economy. The FED kept interest rates at zero while Obama was in charge and he still couldn't get GDP above 3%, even with all the free money that was floating around out there.
I have no idea what you are old man rambling about today. The part about no growth under Obama is what I was laughing at. I am on the edge of my seat to watch you discuss monetary policy though.
Monetary policy is supposed to be reactionary to current conditions? lol.
Remember, Trump hasn't had growth over 3.0% either.
Hey Coop...what year during the Obama boom did we ever finish with GDP above 3%?
That's true but at least he's had two straight quarters of plus 3% growth and we're on track to finish the year above 4%.
The FED typically uses interest rates to control runaway inflation. There's no evidence of that under the current conditions.
Don't think we've seen 3.0% growth since 06-07. I'd say Obama's boom years were 2010-2016.
Even Obama did that. Big whoop. You think our annual GDP will be over 4? Let's bet on that.
My question to you Coop was what year during his eight years in office did he ever finish with GDP above 3%?
You do realize no President has ever had below 3% growth in any one year right Coop?
Garbage. They use interest rates to stave off inflation. Trillion dollar plus deficits, massive tax cuts and tariffs ... yeah no **** they are raising interest rates.
I love the way you Leftists spin to avoid answering a question that makes you look stupid
More spin. Why did they keep interest rates near zero while Obama was in charge? What were the great inflationary pressures during that time?
I'd make a bet with you if I could trust you to be honest enough to pay it off you haven't built that kind of trust up with me Coop.
I'll make another bet with you though. I'll bet the Democrats don't retake the Congress and in fact will get buried in the upcoming elections. You game?
None. Hence they kept them at zero. Do you read what you type from post to post?
What was spin? I don't think you know what that term means.