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Thread: Trump calls Fed Crazy after Mkt Sell-Off Global Mkts. tumble after more Trump bashing

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    Trump calls Fed Crazy after Mkt Sell-Off Global Mkts. tumble after more Trump bashing

    Today


    Trump says the Fed has 'gone crazy' after the Dow tumbles 830 points in one day

    https://www.google.com/search?hl=en&...30.rJ900Lr4dT4


    https://www.cnbc.com/2018/10/11/trum...oing-loco.html


    *Breaking*

    Global market slide as Donald Trump says Fed is 'making a big mistake'


    https://www.theguardian.com/business...-business-live


    Trump doubles down on Fed attacks, saying it's 'going loco'








    'How and Why ?' ~ Einstein

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    The Fed is slowing raising interest rates in order to avoid inflation and overheating the economy. It kept interest rates artificially low for too long. While it may have helped some people, it greatly harmed people who actually save money.

    Also, the drop in the market was caused by increased interest for T-Bills - generally seen as one of the safest investments. So if you have T-Bills (I do not any longer; on edit I do I forgot about my TSP- I actually have a lot of them), things are going good for you. And the drop in the DOW so far this month is 4.4 percent. By comparison, the drop in the DOW on Black Friday (1987) was 22%.
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    'How and Why ?' ~ Einstein

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    The Fed is doing the right thing.
    Molon labe
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    'How and Why ?' ~ Einstein

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    ... at the moment ...



    'How and Why ?' ~ Einstein

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    Quote Originally Posted by Peter1469 View Post
    The Fed is doing the right thing.
    Can someone explain to me how raising interest rates is not inflationary?

    It certainly adds to the costs of business and consumers.


    As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach their heart's desire at last and the White House will be adorned by a downright moron. --H.L. Mencken,

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    Quote Originally Posted by Dr. Strangelove View Post
    Can someone explain to me how raising interest rates is not inflationary?

    It certainly adds to the costs of business and consumers.


    Obviously you wouldn't understand an explanation.

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    Quote Originally Posted by Dr. Strangelove View Post
    Can someone explain to me how raising interest rates is not inflationary?

    It certainly adds to the costs of business and consumers.


    In general, as interest rates are lowered, more people are able to borrow more money. The result is that consumers have more money to spend, causing the economy to grow and inflation to increase. The opposite holds true for rising interest rates. ... With less spending, the economy slows and inflation decreases.
    Link

    It is an inverse relationship.
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    Quote Originally Posted by Peter1469 View Post
    Link

    It is an inverse relationship.
    But a slowing economy is not good, is it?
    The best of times always have some inflation, and that gives sellers an opportunity to take more profits by raising prices. It raises Real Estate prices, eg.

    There is the danger of over-doing interest rates and "killing the economy" or stalling it out.
    Its easy to see why Trump is worried about it.
    As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach their heart's desire at last and the White House will be adorned by a downright moron. --H.L. Mencken,

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