Trump calls for politicians to control interest rates and inflation

[Toddsterpatriot]

Yep.

The responses here really are an indictment of our public education system.

Leftist teachers unions are ruining the country.

 

[g5000]

That's because technology has allowed more and more people to work from home, driving up office space vacancies.

Defaults are also being caused by the fact money was borrowed when interest rates were low, and refinancing is taking place in a higher interest environment.

And another factor is shopping malls and other retail spaces are imploding because of Amazon and other online retail sites.

Blaming a president for this is stupid.

 

[g5000]

Or Biden's $8 trillion of debt.

Biden is at about $6 trillion, not $8 trillion.

I find this surprising since I expected Biden would add a lot more.

My prediction from his first year:

Each president outspends the one before. Biden will take our debt to outer space.

.

 

[OKTexas]

One of the key factors behind the recent inflation was that the Federal Reserve kept interest rates too low for too long.

In 2021, they hesitated at a crucial time, believing inflation was not a danger. They realized only after it was too late and inflation had taken off.

Fed will not raise rates on inflation fears alone, Powell says​

Federal Reserve Chair Jerome Powell on Tuesday reaffirmed the U.S. central bank's intent to encourage a "broad and inclusive" recovery of the job market, and not to raise interest rates too quickly based only on the fear of coming inflation.

"We will not raise interest rates pre-emptively because we fear the possible onset of inflation. We will wait for evidence of actual inflation or other imbalances," Powell said in a hearing before a U.S. House of Representatives panel.


Powell fucked up. Bigly.



Now let's roll back to 2019 during a period when Trump was failing to grow the economy his promised 4 to 6 percent, despite spending like a madman to artificially juice GDP.

His solution? NEGATIVE interest rates!

Trump Calls for Fed’s ‘Boneheads’ to Slash Interest Rates Below Zero​

​

The real bonehead in the picture was Donald Trump.

Trump railed that other countries were doing it, and so should we.

So how did that work out for those other countries?

They have worse inflation than we do.

This is exactly why we don't want populists anywhere near the monetary printing press.


Fast forward to today:

Donald Trump wants a 'say' in setting interest rates​

Former President Donald Trump said Thursday that he would like a "say" in setting interest rates if he is reelected, further raising the prospect that the Republican nominee could seek to reduce the independence of the Federal Reserve if he wins in November.

"I feel the president should have at least say in there, yeah, I feel that strongly," the presidential candidate said in response to a question about the US central bank interest rate policy and the prospects of a soft landing for the US economy.


Donald Trump is once again demonstrating his ignorance and stupidity.

The Constitution tasks congress with setting monetary policy not private for profit banks.

.

 

[JohnDB]

That's because technology has allowed more and more people to work from home, driving up office space vacancies.

Defaults are also being caused by the fact money was borrowed when interest rates were low, and refinancing is taking place in a higher interest environment.

And another factor is shopping malls and other retail spaces are imploding because of Amazon and other online retail sites.

Blaming a president for this is stupid.

Ok....
This is a banking crisis surrounding mortgage backed securities. Commercial paper ....which is created from home mortgages.

This isn't commercial property delinquencies/defaults/repossessions which also are climbing.

 

[marvin martian]

Yup.

But the rubes only know what they're told.

^^^Says the biggest rube on the board.

 

[g5000]

The Constitution tasks congress with setting monetary not private for profit banks.

.

Allowing economically ignorant populists in Congress to operate the monetary money machine would be colossally stupid.

We would have an additional hyperinflationary $30 trillion washing around our country. That's a solid guarantee.

 

[g5000]

Ok....
This is a banking crisis surrounding mortgage backed securities. Commercial paper ....which is created from home mortgages.

This isn't commercial property delinquencies/defaults/repossessions which also are climbing.

Commercial paper is not created from home mortgages.

Commercial paper are bonds issued by corporations.

 

[Stann]

One of the key factors behind the recent inflation was that the Federal Reserve kept interest rates too low for too long.

In 2021, they hesitated at a crucial time, believing inflation was not a danger. They realized only after it was too late and inflation had taken off.

Fed will not raise rates on inflation fears alone, Powell says​

Federal Reserve Chair Jerome Powell on Tuesday reaffirmed the U.S. central bank's intent to encourage a "broad and inclusive" recovery of the job market, and not to raise interest rates too quickly based only on the fear of coming inflation.

"We will not raise interest rates pre-emptively because we fear the possible onset of inflation. We will wait for evidence of actual inflation or other imbalances," Powell said in a hearing before a U.S. House of Representatives panel.


Powell fucked up. Bigly.



Now let's roll back to 2019 during a period when Trump was failing to grow the economy his promised 4 to 6 percent, despite spending like a madman to artificially juice GDP.

His solution? NEGATIVE interest rates!

Trump Calls for Fed’s ‘Boneheads’ to Slash Interest Rates Below Zero​

​

The real bonehead in the picture was Donald Trump.

Trump railed that other countries were doing it, and so should we.

So how did that work out for those other countries?

They have worse inflation than we do.

This is exactly why we don't want populists anywhere near the monetary printing press.


Fast forward to today:

Donald Trump wants a 'say' in setting interest rates​

Former President Donald Trump said Thursday that he would like a "say" in setting interest rates if he is reelected, further raising the prospect that the Republican nominee could seek to reduce the independence of the Federal Reserve if he wins in November.

"I feel the president should have at least say in there, yeah, I feel that strongly," the presidential candidate said in response to a question about the US central bank interest rate policy and the prospects of a soft landing for the US economy.


Donald Trump is once again demonstrating his ignorance and stupidity.

Some people still believe trump is a successful businessman , he isn't. His economics professor at Wharton School ( business college , a subdivision of the U. Of Pa. ) Frank DePrima said of him , " Donald Trump was the dumbest. goddamn student I ever had. " Economics ! And he still doesn't know anything about it. FYI : He falsely gained entry into that college. He paid another student to take his entry test for him. Plus when trump says he graduated number one in his class. Another lie. He didn't even make the dean's list ( top 56 out of 366 students in the graduating class. ) One comment simply said , he was " a less than stellar student. " Half a dozen professors at Wharton recently signed a petition to investigate Trump's admittance and graduation from Wharton. The college higher ups said no ,tooi much time has passed. Wonder how much they were paid off to do that.

 

[g5000]

Ok....
This is a banking crisis surrounding mortgage backed securities. Commercial paper ....which is created from home mortgages.

This isn't commercial property delinquencies/defaults/repossessions which also are climbing.

Your chart clearly states it is for CMBS delinquencies.

CMBS are made from mortgages on commercial property.

Your chart has ZERO to do with home mortgages.

 

[Toddsterpatriot]

Biden is at about $6 trillion, not $8 trillion.

I find this surprising since I expected Biden would add a lot more.

My prediction from his first year:

Biden is at $7.4 trillion.
Imagine how much higher he'd be without Mancin blocking him.

 

[g5000]

Some people still believe trump is a successful businessman , he isn't. His economics professor at Wharton School ( business college , a subdivision of the U. Of Pa. ) Frank DePrima said of him , " Donald Trump was the dumbest. goddamn student I ever had. Economics ! And he still doesn't know anything about it. FYI : He falsely gained entry into that college. He paid another student to take his entry test for him. Plus when trump says he graduated number one in his class. Another lie. He didn't even make the dean's list ( top 56 out of 366 students in the graduating class. ) One comment simply said , he was " a less than stellar student. Half a dozen professors at Wharton recently signed a petition to investigate Trump's admittance and graduation from Wharton. The college higher ups said no ,tooi much time has passed. Wonder how much they were paid off to do that.

Trump was flat broke. The Apprentice game show saved him.

 

[Toddsterpatriot]

Commercial paper is not created from home mortgages.

Commercial paper are bonds issued by corporations.

Bills, not bonds.

 

[g5000]

Biden is at $7.4 trillion.
Imagine how much higher he'd be without Mancin blocking him.

Total federal debt was $28 trillion in Q1 2021.

For Q1 2024, it stood at $34.5 trillion.

Federal Debt: Total Public Debt

Graph and download economic data for Federal Debt: Total Public Debt (GFDEBTN) from Q1 1966 to Q1 2024 about public, debt, federal, government, and USA.

fred.stlouisfed.org

 

[Stann]

Trump was flat broke. The Apprentice game show saved him.

So the Hollywood he is always badmouthing is the Hollywood that saved his ass. Ironic.

 

[g5000]

Bills, not bonds.

A distinction without much difference.

The difference being most commercial paper is not backed by collateral.

CMBS, on the other hand, which is what JohnDB's chart was showing, are backed by collateral.

In any case, neither term has anything to do with homes.

 

[g5000]

Ok....
This is a banking crisis surrounding mortgage backed securities. Commercial paper ....which is created from home mortgages.

This isn't commercial property delinquencies/defaults/repossessions which also are climbing.

I have some bad news for you since most Trumpers want to see America fail.

Home mortgage delinquencies have been steadily declining for Biden's entire term.

Delinquency Rate on Single-Family Residential Mortgages, Booked in Domestic Offices, All Commercial Banks

Graph and download economic data for Delinquency Rate on Single-Family Residential Mortgages, Booked in Domestic Offices, All Commercial Banks (DRSFRMACBS) from Q1 1991 to Q1 2024 about domestic offices, delinquencies, 1-unit structures, mortgage, family, residential, commercial, domestic...

fred.stlouisfed.org

 

[Godboy]

One of the key factors behind the recent inflation was that the Federal Reserve kept interest rates too low for too long.

In 2021, they hesitated at a crucial time, believing inflation was not a danger. They realized only after it was too late and inflation had taken off.

Fed will not raise rates on inflation fears alone, Powell says​

Federal Reserve Chair Jerome Powell on Tuesday reaffirmed the U.S. central bank's intent to encourage a "broad and inclusive" recovery of the job market, and not to raise interest rates too quickly based only on the fear of coming inflation.

"We will not raise interest rates pre-emptively because we fear the possible onset of inflation. We will wait for evidence of actual inflation or other imbalances," Powell said in a hearing before a U.S. House of Representatives panel.


Powell fucked up. Bigly.



Now let's roll back to 2019 during a period when Trump was failing to grow the economy his promised 4 to 6 percent, despite spending like a madman to artificially juice GDP.

His solution? NEGATIVE interest rates!

Trump Calls for Fed’s ‘Boneheads’ to Slash Interest Rates Below Zero​

​

The real bonehead in the picture was Donald Trump.

Trump railed that other countries were doing it, and so should we.

So how did that work out for those other countries?

They have worse inflation than we do.

This is exactly why we don't want populists anywhere near the monetary printing press.


Fast forward to today:

Donald Trump wants a 'say' in setting interest rates​

Former President Donald Trump said Thursday that he would like a "say" in setting interest rates if he is reelected, further raising the prospect that the Republican nominee could seek to reduce the independence of the Federal Reserve if he wins in November.

"I feel the president should have at least say in there, yeah, I feel that strongly," the presidential candidate said in response to a question about the US central bank interest rate policy and the prospects of a soft landing for the US economy.


Donald Trump is once again demonstrating his ignorance and stupidity.

No, Trump doesnt want inflation, but if Kamala wins youll have your fill of it.

 

[OKTexas]

Allowing economically ignorant populists in Congress to operate the monetary money machine would be colossally stupid.

We would have an additional hyperinflationary $30 trillion washing around our country. That's a solid guarantee.

Oh, unlike what we have now? LMAO xiden is racking up 10 billion in new debt daily.

.

 

[g5000]

Oh, unlike what we have now? LMAO xiden is racking up 10 billion in new debt daily.

.

Debt does not cause hyperinflation. It can cause inflation, but not hyperinflation.

Take a class in economics.

Mind you, no one has talked about our debt on this forum than me.

It is sickening to watch the right wing hacks convince themselves the GOP is fiscally responsible.