It's true, regulations can spur an economy. Taking credit - for creating that kind of climate is Posted: Oct 11th, 2018 - 11:07 am In Reply to: Donald Trump is very good - at taking credit
fine.
The last president to take on the Fed was Reagan. It didn't end well.
The problem is the Fed. They keep raising interest rates. It had to happen. The Fed couldn't keep giving away money. Below is a link to a chart depicting the Fed funds rate through the years. You can see during the ENTIRE administration of BO, the fed funds rate was nearly ZERO. That alone was responsible for the "growth" under the tiny socialist. Never before in history, did the Fed funds rate run near zero for a seven year "expanding" economy.
I wish economics was taught like it used to be. I've run into "financial advisers" who like to give us "old folks" free fancy prime rib dinners and then sell us an annuity because we're too "feeble" to manage our money, or whatever. I always raise my hand and ask one question: "Do you know the rule of 72"? It's astounding how many don't!
Cash is still king.
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- Donald Trump is very good - at taking credit (Views: 63, 2018-10-11, 8:43 am)
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