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originally posted by: theantediluvian
a reply to: xuenchen
Pffft. Look at Trump's economic advisors, market panic is probably his real goal in running for President. John Paulson made more than $4 billion in 2007 from credit default swaps. Mnuchin made billions for Soros, Michael Dell, himself and others at IndyMac while foreclosing on tens of thousands of California homeowners after the crash that Bear Sterns chief economist (at the time) David Malpass said wasn't going to happen. Companies among Stephen Feinberg's holdings received $17.2 billion in bailout money in what Business Insider dubbed Biggest Scam Of Them All. Actually, it was more like $25 billion including the money Chrysler took.
originally posted by: FamCore
a reply to: xuenchen
These two are both off their rockers. Gary Johnson is a close 2nd.
Bunch of pompous assh*les pandering to the public as if they actually care about the voters and the "difference they can make".
F*** ALL of them.
originally posted by: xuenchen
So Donald Trump decides to criticize the Federal Reserve and points out some possible problems and then Hillary says it's not his place to say anything !!!
And even worse, she says no sitting President should comment on the Fed either claiming "words" have consequences !!!
WoW, has she gone completely off the deep end?
I thought a Republic like the U.S. should encourage all politicians commenting on the Central Bank.
Hillary made other comments today about the Clinton Foundation too.
She was addressing her gang of reporters on her new airplane.
Clinton slams Trump for commenting on Fed policies
Democratic presidential candidate Hillary Clinton criticized Republican rival Donald Trump on Tuesday for making comments about the Federal Reserve's monetary policies, which she said should be off-limits for U.S. presidents and presidential candidates.
"You should not be commenting on Fed actions when you are either running for president or you are president," Clinton told reporters on her campaign plane. "Words have consequences. Words move markets. Words can be misinterpreted."
Trump, who has previously accused the U.S. central bank of keeping interest rates low to help Democratic President Barack Obama, said on Monday that interest rates should change.
"They're keeping the rates down so that everything else doesn't go down," Trump said in response to a reporter's request to address a potential rate hike by the Federal Reserve in September. "We have a very false economy."
originally posted by: Edumakated
Trump is right. The Fed has painted itself into a corner by keeping rates so low. The stock market is booming because there is no where else to earn any decent return. The low rates have also inflated real estate prices again.
Personally, I benefit from low rates as I work in the mortgage industry, but rates are entirely too low. Savers are not getting any kind of return on their money. Those one fixed incomes are being forced into risky products to earn any kind of return.
If rates go up appreciably, it will certainly cause some pain in the real estate markets. Rates should have been raised years ago and really never should have been lowered this much to begin with. Unfortunately, the fed is a political tool and that is what drives decision making, not logic or sound economic policy.