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Thread: Trump Calls for Zero or Negative Interest Rates

  1. #1

    Trump Calls for Zero or Negative Interest Rates

    "The one permanent emotion of the inferior man is fear - fear of the unknown, the complex, the inexplicable. What he wants above everything else is safety."
    H. L. Mencken


    I don't hate you. You're just some person on the internet who believes in things that aren't real.



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  3. #2
    If you go negative on interest rates now, what do you do when the next recession hits to try to get yourself out of it?

    Perhaps his answer about the debt will answer this one as well.

    https://www.businessinsider.com/trum...report-2018-12

    During a 2017 briefing with senior officials, Trump responded to a presentation of charts and graphics by saying, "Yeah, but I won't be here," according to a source The Daily Beast said witnessed the comment.
    Low rates were bad, according to Trump, when Obama was president.

    https://www.realclearpolitics.com/vi...e_country.html

    "Any increase at all will be a very, very small increase because they want to keep the market up so Obama goes out and let the new guy ... raise interest rates ... and watch what happens in the stock market," he said. "And you know the people who are hurt the most are people that saved all their lives, and thought they were going to live off the interest. Those people are getting absolutely creamed."
    Trump said: "I love low interest rates," but for the good of the nation, rates should be higher.

    "If I refinance something, I can get money for almost nothing," Trump said. "I don't think it is going to happen... because [Obama] wants to play golf for the rest of his life after January," Trump added.
    Last edited by Zippyjuan; 09-11-2019 at 11:02 AM.
    Quote Originally Posted by Swordsmyth View Post
    The quality seems to have dropped significantly since I came here, I guess you get what you pay for.
    "There is always a tweet. That has become accepted fact in the Trump presidency: For every pronouncement the President makes, there is at least one tweet from his past that directly contradicts his current view." -CNN

    I am Zippy and I approve of this post. But you don't have to.

  4. #3
    He knows the Fed will do the opposite of whatever he wants and he wants to place the blame on them (where it belongs) for any bad economic news.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

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    A Zero Hedge comment

  5. #4
    Quote Originally Posted by Swordsmyth View Post
    He knows the Fed will do the opposite of whatever he wants and he wants to place the blame on them (where it belongs) for any bad economic news.
    Your usual fake claim.
    Quote Originally Posted by Swordsmyth View Post
    The quality seems to have dropped significantly since I came here, I guess you get what you pay for.
    "There is always a tweet. That has become accepted fact in the Trump presidency: For every pronouncement the President makes, there is at least one tweet from his past that directly contradicts his current view." -CNN

    I am Zippy and I approve of this post. But you don't have to.



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