I can't go here right now. Opened up a can of worms for myself when I knew better. I'll send you the book when I finish writing it. Nonetheless, I hold firmly to my statement.
Before his death, legendary Fed chief Paul Volcker issued one last warning to the US
- Thread starter Frederick Foresight
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I can't go here right now. Opened up a can of worms for myself when I knew better. I'll send you the book when I finish writing it. Nonetheless, I hold firmly to my statement.
Draghi lowered rates because he had to. Powell didn't.
As others have asked ... what do we do when we need to lower?
Lots and lots of QE 4, 5 & 6
We know damn well Dump will call for it.
And yes all presidents jawbone but nobody jawbones like Dump. Making it personally flying to Dump Country and with all the media covering it saying Powell is the enemy of America. Classy little bitch as always.
The Fed has a hell of a lot more room to lower than the ECB...
The EU is where the next apocalypse starts.
Anything greater than 0 is a helluva lot more than 0.
But 1.50 / 1.75 can disappear real fast in the next recession.
Then I guess it will be said ... well at least we aren't at sub 0 levels. Yet.
Shouldn't MAGA be about being better than others, not looking to join them? Or even to compare ourselves to them?
Lefties are supposed to be the snowflakes whining all the time about things. Dump
takes the cake - always at the ready with a built in excuse.
No....maybe piss in his since he doesn’t seem to care.
Of note, Canada went against the grain and didn't drop to match the recent US drops. We were also the first to raise rates after 2009. This would suggest to me that US rates will actually rise not drop in the coming years once the Trump trade wars are no longer a threat.
The Fed cut rates in response to Draghi starting a currency war. Had nothing to do with Trump. Commerzbank and Deutsche Bank said as much.