President Trump: The NEW one and only politics thread

The Federal Reserve is in stealth intervention mode
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At the moment, the Federal Reserve is pumping up to $120 billion of freshly conjured money into the economy a day (but DON'T call it quantitative easing!). ... so I am sure they can monetize a lot more government debt than that before they lose control. What could possibly go wrong?

The government can just keep running up more and more debt, and companies with earnings that have really gone nowhere over the last 5 years (and have dived this quarter) can just keep borrowing at almost no interest to buy back their own stock and send your favorite stock market index to a gazillion.

And people on here will repeat the ridiculous trope that Trump is good for the stock market.

He'd be a disaster (the trade war alone is killing businesses and hurting our economy) without a central bank monetizing massive amounts of debt like we are in a crisis -- and keeping consumers running up more and more student loan, credit card, auto loan debt, etc. During the third quarter, 18 central banks around the world cut rates and there is more than $18 trillion of sovereign debt around the world yielding a NEGATIVE return. That includes a place like Greece, which wouldn't be able to borrow at loan shark rates of interest in a market that hadn't been destroyed by central planning, but which can issue debt right now and not even have to pay a positive return.

The credit crisis that is coming is going to hurt a lot of people really badly. And the sad thing is that since 2008, we didn't even get a good party for the years of the future they gave away to prop up a debt mess they created in the first place. One consequence of their stupidity is that when you monetize debt that way, politicians will run up as much debt as it allows for (until a crisis is going to end that fantasy), because they are unaccountable.