gipper
Diamond Member
- Jan 8, 2011
- 67,221
- 35,809
I don't find it silly.I guess it depends on context.The Fed works in mysterious ways and is designed to enrich and empower the banks and Wall Street. So, I put nothing past them.My post has nothing to do with partisan politics.Seven out of the last seven recessions were in GOP Presidencies and five of them were in the first months of those Presidencies before the President could have possibly affected the economy.The Fed is keeping rates low because it has no choice, there simply isn't enough juice in the economy to support it.
A 25 basis point increase wouldn't really do any harm, but the psychology of the market is so fucked up right now that many would still panic.
The mistake the Fed made was signaling that an increase was imminent, forcing its own hand. So they may end up increasing a bit early.
Trump is just blowing smoke, as usual.
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No, Trump is NOT blowing smoke; look it up for yourself.
The notion that the Fed is delaying a depression for a Republican administration is absurd and bizarre.
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Secondly, the D party is very happy with the current state of the bureaucracy and the Fed's control of the monetary system. Top down control is a management system liked by the Ds...and many Rs. However, the only people adverse to the Fed and wanting it audited and controlled, are a small minority of the R party.
As such, is it that absurd and bizarre to think the Fed willing to protect a D POTUS from economic turmoil?
In the political environment we're in right now, with wild conspiracy theories flying all over the place every single day, with rampant hyperbole polluting virtually every conversation that can be politicized, with virtually no thought or accusation considered out of bounds, this one isn't any more absurd and bizarre than any other theory I've heard.
But in a vacuum, yeah, I think this is pretty silly.
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The Fed loves it's power. They will do ANYTHING to keep their power. You must know that.
The Fed knows they have nothing to fear from the D party. They also know that some in the R party are not their friends.
We have had ZIRP for all of BO's presidency. This is unprecedented. How easy it will be to increase rates once an R is elected, then blame the R?