03-09-2020, 07:46 PM
(03-09-2020, 07:39 PM)fredtoast Wrote: Funny how they have had to keep cutting dramatically during "the greatest economy in history".
Generally rate cuts are only necessary when the economy needs a boost.
Now when things get worse they have no tools to fix it.
Well, there's no doubt that this economy is, to one degree or another, smoke and mirrors. Whether it's the fed cutting rates to keep it afloat or if it's stock buybacks masquerading as genuine market growth, I don't think the economy is as strong as Trump claims it is. There have been warning signs before, such as the inverted yield curve. Rate cuts are also one of those warning signs.
But then, I'm not an economist. I don't want to be out here sounding like an anti-Trump conspiracy theorist!
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