does trump deserve credit for one thing, the stock market up 18% his first 11 months?
- Thread starter Craig234
- Start date
Obama was far from a socialist, unfortunately, and the economy did better because he replaced Bush, not in spite of his replacing Bush.
We would if he deserved any. For example, I've posted threads that he could almost guarantee his re-election if he got single-payer healthcare passed. But he has not deserved credit for pretty much anything. Not starting nuclear war yet?
Teflon Don
I'm back baby
Here you go you dumb uneducated cunt. Now go fuck yourself
https://www.nytimes.com/interactive...-night-2016/paul-krugman-the-economic-fallout
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cawacko
Well-known member
Yellen being gone going to change anything?
cawacko
Well-known member
Yellen (and Bernanke) created the bubble we are in, which will crash here at some point, so why should he have kept her?
cawacko
Well-known member
I have no idea if recognizes our current bubble or not but possibly one of his staff people did
How did Yellen create a bubble? Corporations have been buying back their stock for a long time. All the increased profits go to the top, while wages stagnate. Nearly all the stock money goes to the top. The tax breaks will enrich the top. This is what we are now. A county for the wealthy. This is not what America was supposed to be. The Kochs have won. The TRumps have won.
cawacko
Well-known member
How? What do you think happens when the Fed floods the country with easy money? If there were no negative repercussions for keeping rates at zero why not leave them there permanently?
Her policies punished savers and forced people into riskier assets. Just like people at one time called Greenspan "the Maestro" for his supposed handling of the economy we ultimately saw where that led with the housing bubble and financial meltdown. Now Yellen is being lauded as this great banker when in reality it is going to blow up on her as well.
Remember what happens when the Fed pulls the punch bowl from the party
cawacko
Well-known member
Three rounds of QE and leaving rates at zero for years? Can you point to any other time we've done this?
It was designed to fight off a potential second great depression. Can you point to a time after 1930 that we had that problem? Yellen has been slowly elevating the rates. If you are really following it, you would know that. https://www.theguardian.com/busines...e-rise-federal-reserve-janet-yellen-final-act
evince
Truthmatters
The Federal Reserve chair, Janet Yellen, moved to raise interest rates again on Wednesday in her final major act as head of the US central bank.
After a two-day meeting, the Fed cited the “strong” jobs market and growth in household and business spending in its decision to raise rates a quarter point to a range of 1.25% to 1.5%.
In news that will be cheered by the Trump administration, the Fed also predicted stronger economic growth over the next three years. The Fed revised its forecast for growth in 2018 to 2.5%, well above its previous forecast of 2.1% published in September.
After a two-day meeting, the Fed cited the “strong” jobs market and growth in household and business spending in its decision to raise rates a quarter point to a range of 1.25% to 1.5%.
In news that will be cheered by the Trump administration, the Fed also predicted stronger economic growth over the next three years. The Fed revised its forecast for growth in 2018 to 2.5%, well above its previous forecast of 2.1% published in September.