Once again, this story is so stupid that it is hard to believe that it is a real thing. Quick question for you, does Trump benefit more from:
A.) Economy grows at 3% and real estate gains 10% (which would be the case as we have the highest rate of any industrial country currently), or
B.) Trump gains $850K from a 25bp drop in the fed rate?
Serious question. Now, I know most of you are poor and have a limited understanding of the economy outside of whatever nonsense MSNBC is spouting - but the answer is obvious.
I should also note that the ECB - that is the European version of the FED for your unwashed Dem voters - is basically holding rates at 0% which is driving interest rates negative. For Trump, he is doing the smart thing. With $20T in debt at a 2.5% (2018), that is $500B in each year just wasted on interest. If Trump were to get the FED to buy back the outstanding debt yielding 2.5% (pay market price and not call the debt), then re-issue long-dated bonds at 1% for 10 or 20 years, he would save $300B/year - that can buy a lot of free stuff the Dems love.
But, it seems like you would rather pay that $300B/year to the elites buying the Gov. debt (Goldman Sachs, Blackrock, etc) rather than actually have that money to spend on actual programs.
Again, your TDS is to the point that you are just embarrassing yourselves.
#4 | POSTED BY IRAGOLDBERG
Speaking of stupid...
"A.) Economy grows at 3% and real estate gains 10% (which would be the case as we have the highest rate of any industrial country currently), or
B.) Trump gains $850K from a 25bp drop in the fed rate?"
First, are you saying (b) means (a) can't happen? Because that's admitting Trump is an idiot and the Fed should ignore him.
Second, (b) doesn't mean (a) can't or won't happen. In fact, Trump thinks (b) will help (a) happen...even though he claims (a) will happen anyway and no recession is coming.
Third, no idea where you are getting 10% real estate gains when the average is about 3% in the US.
Fourth, GDP growth doesn't necessarily mean Trump is making more money.
I'm not poor. I'm rather rich. And you're an idiot.
BTW, the ECB's (and Japan's) use of no or negative interest rates has been universally panned now as economically backward. It actually kills the banking industry by reducing bank income (and future ability to loan by erasing bank liquidity) and forcing banks to lend recklessly (remember 2008?). It hasn't worked anywhere its been tried in fact.
The right leaning Forbes agrees: www.forbes.com
So I have to ask, are you stupid or high?