Toro
Diamond Member
- Sep 29, 2005
- 109,669
- 50,443
Interesting. Link?Trump is spot on about the bubble and Janet Yellen and interest rates.
Check out the two posts I made in this topic earlier today: The Fed's Bond Bubble Doomsday Machine
He agreed with Yellen that interest rates should stay low.
Mr. Trump said in the CNBC interview that he agreed with Ms. Yellen and the Fed’s policy of holding interest rates low.
Donald Trump Says He Would Replace Janet Yellen, Supports Low Interest Rates
His assessment is correct that this is a "very, very fragile" situation we are in now. And Yellen and Bernanke got us in this mess:
“What do we do with all the money that we owe everybody when rates go up and now all of a sudden we have to borrow at two points more?” he said.
“And we have to be very, very careful, and I am the king of debt. I do love debt. I love debt. I love playing with it. But of course, now you are talking about, you know, you’re talking about something that’s very, very fragile. And it has to be handled very, very carefully,” he said.
This bond bubble is so astronomically huge, so devastating, a 100 basis point increase would plunge the entire planet into a Depression.
And to handle this very carefully, he wants to fire the Fed chairperson.
Hmmm.