justin_o_guy2 wrote on 12/23/18 at 11:09:13:The market rout came in apparent reaction to the Fed’s hiking of interest rates by a quarter-point for the fourth time this year to a range of 2.25 percent to 2.50 percent.
Apparent and obvious.
Did you people not understand WHY interest rates were so low for years?
Corporations NEED money. The lower the interest rate, the Cheaper it is to borrow. As I stated before Trump took office, if the uniparty wants to destroy Trump, raise rates. Everything his policies gained US would be lost.
Also, as interest rates climb, the Cost of servicing the Debt goes up. A 1.5 % increase doesn't sound like much, but spread across Twenty Frikken TRILLYUN
dollars, it's a YUGE chunk of money.
V
Read it truly trying to understand instead of pretending you're fully aware of WHY the run up in interest rates.
I've lived through inflation. I was paying 18% on my mortgage. I know what an overheated economy looks like. We're in the infant steps of recovery. Not time to say
The market is strong enough to absorb the hike.
This is political maneuvering, not sound economic policy.
What do you see that is inflationary?
Don't you DARE say wages, because staunchly DENIED wages are going up.
People who are unable to have a savings plan Need increased wages and are starting to see that, but You have denied it at every turn. You can say increased wages cause inflation, and it's true enough, although that is not True until they are sufficient to create a condition of
Too many dollars chasing an unchanged number of goods and services.
Or maybe you missed it when Ray asked what would happen if the government just put a million dollars in everyone's checking account.
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