12-20-2018, 08:49 PM
(12-20-2018, 07:36 AM)6andcounting Wrote: Trump says the feds shouldn't raise rates because it's bad for the market.
Fed raises rates.
Market drops.
"this is Trumps fault"
I mean, Trump certainly hasn't helped things with some of his other things. Trade wars aren't exactly a good thing for the markets.
And yeah, raising rates makes the market drop some, but the economy actually needs the rates to be raised. Same for tax rates, but since that is more of a political football it won't be happening.
"A great democracy has got to be progressive, or it will soon cease to be either great or a democracy..." - TR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
