Economy Trump calls for negative interest rates

[Strychnine]

So we lower rates to zero or near zero. Then we have an actual recession. Now what?

 

[Trotsky]

@Jack V Savage this reminds me of that Hill editorial.

Low interest rates to recover from a recession = "fed-driven economy"

Negative interest rates at peak of economy = sound economic policy

 

[Sketch]

@Jack V Savage this reminds me of that Hill editorial.

Low interest rates to recover from a recession = "fed-driven economy"

Negative interest rates at peak of economy = sound economic policy

Do you have a single investment?

 

[Madmick]

https://www.realclearpolitics.com/v...cially_low_so_the_economy_doesnt_go_down.html

So Trump on Trump (criticizing the optical effect in the middle of a campaign).

I thought you'd have Republicans decrying low interest rates as a matter of actual economic health. As I recall that has never really been their thing.

 

[Bull Hurley]

Ah, wake up sheeple. I forgot one.

Can't fix stupid...too dumb to remember that one huh?

 

[LangfordBarrow]

People like you are the reason this country is falling apart. just bend over, put your head in the sand and take it in the pooper. That about cover it?

 

[7437]

Can't fix stupid...too dumb to remember that one huh?

Are you still screaming into the void about the fed being illegal? Knock yourself out I guess.

 

[LangfordBarrow]

https://www.realclearpolitics.com/v...cially_low_so_the_economy_doesnt_go_down.html

Trump: "They're keeping the rates artificially low so that Obama can go out and play golf after January and say that he did a good job."

 

[Bull Hurley]

Are you still screaming into the void about the fed being illegal? Knock yourself out I guess.

No...just having fun with a mush brain zombie.

 

[Trotsky]

So Trump on Trump (criticizing the optical effect in the middle of a campaign).

I thought you'd have Republicans decrying low interest rates as a matter of actual economic health. As I recall that has never really been their thing.

Yeah...it's not like Republicans proposed a bill to require the Fed to adhere to the Taylor Rule and increase interest rates during the GFC recovery....but yet, years earlier, Paul Ryan threw a fit and Republicans sent an open letter to the Fed opposing quantitative easing policies that would help effectuate the Taylor Rule's negative interest rates at the recession's outset.

https://www.washingtonpost.com/news/wonk/wp/2014/07/18/republicans-want-to-control-not-end-the-fed/
https://www.washingtonpost.com/news/monkey-cage/wp/2014/07/08/audit-the-fed-on-steroids/
https://www.washingtonpost.com/us-p...ore-hypocritical-about-economy/?noredirect=on
https://theweek.com/articles/444602/gops-latest-brainwave-federal-reserve-another-terrible-idea

 

[44nutman]

Zero interest rates. People will be lining up to deposit money so the bank can hold it for free.
What a dum dum.
I guess Trump has a bunch of loan payments coming up or maybe he is worried Prince Jared will not be able to make his billion dollar nut on his overleveraged building.

 

[IDL]

Fak negative interest rates would push property prices even higher.

It's not like he has the ability to set rates, but still just the thought of it. I remember reading about negative rates a long time ago it seems like a bad idea to me, as someone that likes to save.

 

[Deleted member 159002]

So Trump on Trump (criticizing the optical effect in the middle of a campaign).

I thought you'd have Republicans decrying low interest rates as a matter of actual economic health. As I recall that has never really been their thing.

Ted Cruz:

"But if you look at working men and women, if you look at a single mom buying groceries, she sees hamburger prices have gone nearly 40 percent," he continued. "She sees her cost of electricity going up, her health insurance going up and loose money is one of the major problems, we need sound money."

https://www.washingtonexaminer.com/ted-cruz-calls-for-monetary-policy-tied-to-gold

John Kasich:

And this is what we have to -- I -- I've got to tell you, when wages don't rise -- and they haven't for a lot of families for a number of years -- it's very, very difficult for them.

Part of the reason why it hasn't risen because sometimes we're not giving people the skills they need. Sometimes it's because the Federal Reserve kept interest rates so low that the wealthy were able to invest in -- in strong assets like the stock market when everybody else was left behind.

https://www.cbsnews.com/news/transcript-sixth-republican-top-tier-debate-2016/

Paul Ryan:

"There is nothing more insidious that a government can do to its people than to debase its currency," Ryan said.

Just as harmful, Ryan warns, is that the proliferation of newly printed dollars inevitably unleashes inflation and throws the economy out of kilter in other ways.

"Inflation is a killer of wealth. It wipes out the middle class. It eviscerates the standard of living for people who have retired or are living on fixed incomes," he said. "Name me a nation in history that has prospered by devaluing its currency."

http://archive.jsonline.com/business/109572284.html/

 

[Bull Hurley]

Oh yes....you are far too smart to be deceived. People with absolute power and money really love you, they care about you. Greed doesn't exist. Everything they tell you is for your own good. Sleep....sleeeeep.

 

[44nutman]

Ted Cruz:

https://www.washingtonexaminer.com/ted-cruz-calls-for-monetary-policy-tied-to-gold

John Kasich:

https://www.cbsnews.com/news/transcript-sixth-republican-top-tier-debate-2016/

Paul Ryan:

http://archive.jsonline.com/business/109572284.html/

How about any Republicans not named Ted Cruz, John Kasich, Sean Hannity or Paul Ryan?
The TDF, AKA the Trump Defense Force will move the Goal Posts again after your post. They will require another 20 Republicans and they have to be quoted in right wing sources, with their hands on the Bible and then maybe the TDF will buy it.

 

[Madmick]

Ted Cruz:

https://www.washingtonexaminer.com/ted-cruz-calls-for-monetary-policy-tied-to-gold

Cruz is arguing to abolish the Fed, there, not against any specific inflation rate policy. He also represents the wing of libertarian outsiders when he voices that economic strategy (as owed to Paul).

John Kasich:

https://www.cbsnews.com/news/transcript-sixth-republican-top-tier-debate-2016/

Yeah, this is an example, but this is also an example of why Kasich is regarded as a centrist. He criticizes an artificially low interest rate policy is incentivizing investment for the wealthy, but not necessarily translating into higher wages (despite that the cost of everything is going up anyway).

Paul Ryan:

http://archive.jsonline.com/business/109572284.html/

I'm going to assume that you simply didn't read this link.

 

[LangfordBarrow]

Oh yes....you are far too smart to be deceived. People with absolute power and money really love you, they care about you. Greed doesn't exist. Everything they tell you is for your own good. Sleep....sleeeeep.

WTF are you talking about? I'm not the guy that believed the pathologically lying narcissist and voted for him.

 

[Son of Jamin]

It totally contradicts 1) the idea that the economy is very strong now, 2) Trump's previous position, and 3) conservative movement orthodoxy over the past several years. In general, if cutting rates to 0 isn't enough to get the economy moving, going below 0 shouldn't be off the table, but it's not likely to be effective.

Agreed, it is devaluing Sweden’s currency compared to the dollar and the euro, while it increases the risk for the housing bubble to burst.

 

[andnowweknow]

I got a crazy idea, and this is just spitballing so hear me out...but anyone think Trump is trying to influence the Fed into artificially, and perhaps detrimentally, propping up the economy with some random "keep it good" date in mind...let's call it November 2020? Seems possible.

 

[Swing]

https://www.realclearpolitics.com/v...cially_low_so_the_economy_doesnt_go_down.html

It's just uncanny.