"I’ll demand that interest rates drop immediately,” Trump said. “And likewise, they should be dropping all over the world. Interest rates should follow us all over.”
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"I’ll demand that interest rates drop immediately,” Trump said. “And likewise, they should be dropping all over the world. Interest rates should follow us all over.”
Trump: We're gonna have the strongest dollar and the lowest interest rates ever. It's going to be tremendous.
People will be saying to each other, it's tremendous, like something no one has ever seen before.
They will be saying that only if what he does works for lowering interest rates and makes dollars stronger.
Tariffs and lower interest rates tend to cause malinvestments in the economy that have to be straightened out later, usually by what we now call a recession. I just hope we don’t get a repeat of the ‘30s. Remember the Smoot-Hawley Tariff Act and what it did for trade and economies and the results in ‘38?
I agree. Please don't take my response seriously. I was just doing a lame Trump impression. Remember how he would brow beat Powell during his first term to lower interest rates? The stock market was his scorecard.
I know he is using a KPI kind of scoreboard for his targets. The problem is that he is trying to apply these methods to a whole economy and not just a project or a business. He was an ijit then and he is trying to be an ijit now.
I have to agree though, he is lame at a lot of points. Ijit!
Honestly, the country is fucked no matter how you slice it. At least he's entertaining.
He is, indeed, entertaining!
I just wish he would try to quit peeing on everything and calling it his. He might regret that habit later when the chickens come home to roost. He is acting just like my tomcat.
Does your tomcat ever exhibit signs of regret? About anything?
Are you saying that the Merkans’ time preference for money is low?
Hmmm……… I think evidences indicates differently.
No, I'm just joking that he wants two things that are mutually exclusive.
Yes, and two things they have tried before and failed miserably at doing. These ijits just cannot leave well-enough alone. They just have to put their finger in the pie or pee all over something to claim it as theirs. The economy is everybody’s but not the state’s. The state can do nothing but harm to the economy.
Mutually exclusive for you maybe
It will be fun to watch Trump and Powell butt heads.
I just realized that I haven't been on Stacker News during a Time of Trump. This will be fun.
He does keep things interesting. I will give him that.
Trump is nothing more than a bull in a china shop or a box shaker, whichever you prefer. He is there to make changes, we will have to find out if they are good or bad changes, later.
Good luck with that!!
Interest rates, at this time, are being finagled by the Federal Reserve Bank.
Trump may find that if he ends the fed that interest rates may soar due to lack of savings. The natural rate of interest may be high because of Merkans’ high time preferences. They did this to us with their debt is good propaganda and now they will reap the whirlwind.
I wonder if he'll die before he realizes that he can't just command things to happen. I'm guessing yes.
Definitely. I'm jealous. Without self awareness you are never embarrassed.
good luck with that!
#758714
Grand day if he can actually do it
I dont know if he says these ignorant things to wow people, or if he is just trying to convince the uneducated how powerful he is?
Do they fall for it?