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Uh, the stock market is crashing


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2 hours ago, Justafan said:

I understand that signs indicate a recession on the horizon.  Many economists would argue that raising the rates as aggressively as Powell has done is a huge mistake and hastening (maybe even caused) the climate that is leading to that.  The market can only take so much volatility.

The Fed's goal isn’t to appease the stock market. It’s to smoothe out the economy.

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It’s almost as if Trump is an asshole...

Most of the people who stupidly gave him credit for the bull market, will never understand this.  This was Obama's market.   Dems stimulate the economy.  Repubs crash it.    https:

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46 minutes ago, Starkiller said:

The Fed's goal isn’t to appease the stock market. It’s to smoothe out the economy.

The economy was running smoothe.  Massive tax cuts caused it to overaccelerate which in turn prompted the Feds to hike rates aggressively and possibly prematurely.  The article wasn't just about interest rates though.  It's about how Trump's ignorance and stupidity led to a perfect storm to mess up a great economy.  All he had to do was not mess it up but he did.

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4 hours ago, ctm said:

The real problem here is that Trump stimulated the economy with a huge tax cut when it didn't need it and at the wrong time politically.  Now we have an even larger deficit and there is really no money available to stimulate with if the economy turns down.

And then for the midterms, the repubs never really ran on the tax cut (not a popular message) or the economy, instead choosing yet again a divisive culture war diatribe with 'illegal alien loving, crime enabling, Pelosi-led socialists!'

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10 minutes ago, begooode said:

And then for the midterms, the repubs never really ran on the tax cut (not a popular message) or the economy, instead choosing yet again a divisive culture war diatribe with 'illegal alien loving, crime enabling, Pelosi-led socialists!'

People figured out that the republican tax cut and trickle down economics is a scam.

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5 hours ago, Legaltitan said:

Interest rates certainly needed to rise but if you think there is a recession on the horizon you don't raise rates as fast as possible ahead of the recession so that when the recession comes you can lower them again. That's not really how it works. 

Think about what you're typing. You don't raise rates as fast as possible? Of course as fast as possible goes into their design, blueprint, and mandate. As fast as possible does not mean you raise rates unilaterally ignoring those three ideas. They blew a hole in the budget when rates were low and received a year long bump for a massive tax cut for the rich. Of course the FED is going to raise rates, as they have, as fast as they possibly can. Now proceed to argue with me (and the Chairman of the FED). 

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1 hour ago, IsntLifeFunny said:

Think about what you're typing. You don't raise rates as fast as possible? Of course as fast as possible goes into their design, blueprint, and mandate. As fast as possible does not mean you raise rates unilaterally ignoring those three ideas. They blew a hole in the budget when rates were low and received a year long bump for a massive tax cut for the rich. Of course the FED is going to raise rates, as they have, as fast as they possibly can. Now proceed to argue with me (and the Chairman of the FED). 

Settle down man. I did not interpret "as fast as possible" as = "as fast as economically feasible." If that's what you meant then cool

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3 minutes ago, Legaltitan said:

Settle down man. I did not interpret "as fast as possible" as = "as fast as economically feasible." If that's what you meant then cool

The FED is taking into account the President. Their mandate has a new meaning at this point. They're raising rates faster than they normally would. 

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1 hour ago, Soxcat said:

Unemployment has been 3.7% three months in a row.  Economic growth should end at about 3% for 2018.  Wages have risen about $2.00/hr since Trump has been in office.  So what exactly is the scam? 

Top down economics doesn't work long term.  Republican ballooned the deficit to give more money to the Sheldon Addelsons of the world.

 

If you think it works, google a few articles on what Brownback did in Kansas.

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