President Trump: The NEW one and only politics thread

Earlier, the fed funds futures were factoring in a 15 percent chance of us having negative rates in the US by July.

With gas so cheap, and an environment where banks will soon pay you an income to take money from them to buy a house, nobody will need an actual job!

Of course, with the 10-year treasury now yielding .5 percent, but credit cards on average charging about 20 percent interest, here is the reality most people are actually facing: 1) Fewer Americans can now afford homes because the low rates drove up house prices to unaffordable levels. 2) With wages not having kept pace with the cost of living, despite engineered low rates, there are a lot of people living off of high interest rate credit cards. Consumer debt is in the trillions of dollars.

Good work, Federal Reserve. You engineered economic prosperity.

 

You aren't crazy! I posted something similar, and then deleted it. But after seeing that "good news for consumers" Trump tweet, I decided to recreate the post. It really is all great news for consumers. Cheap gas and they will soon pay you to buy a home. Things are awesome.

 

Not Wall Street. Trump himself. They are meeting this afternoon. Everyone they talk to in markets is telling them the Fed is out of bullets. They are begging for a fiscal response. You will get the announcement within the next 24 hours. The question is whether it will actually be enough to stop the carnage in its tracks. It will be interesting to see how they structure and sell it. It's a Republican administration, so Cash for Clunkers isn't going to cut it. They will try to spin it as "investment." It will just be pork barrel politics as usual, on the back of more government debt. The solution is the problem.