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by georgeplusplus
2056 days ago
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> Besides inherit a strong and growing economy The bottomless debt and asset inflation Trump inherited was not a sign of a strong and growing economy. How can you call a countries economy Strong when its lending its money for near zero interest? It’s a deeply flawed idea that’s not sustainable in the long run. Obama’s fed tried to placate this worry that the QE and low rates were temporary. Well here we are. 12 years after 2008 and we are back to zero % rates and more QE that doubles the national debt every Presidents term limit. The Truth is the economy began to show signs of cracking in dec 2018 with the yield curve reversal when Trumps fed tried to raise rates above a measly 2%. A healthy economy would not do this. The economy hasn’t been healthy since early 2000s |
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