Faun
Diamond Member
- Nov 14, 2011
- 124,334
- 80,978
Recessions are cyclical. There's always another one coming. I'm not saying it will necessarily come on trump's watch; but I am saying one will certainly come at some point. I work for a financial firm and there's a team working diligently on contingency plans for when one comes, whenever that is.I didn't say it's at rock bottom. I asked what does the Fed do when it is and a recession comes?
There doesn't have to be a recession if the economy is on solid ground....Business cycles come and go but as long as the fundamentals are sound, and both parties want what's best for the country (fat chance of that with you Rats), the Fed doesn't need to do anything but keep competitive interest rates. The concept it needs to keep a basement-rate for emergencies is yesterday's news after the Obama years....we're so far in debt now, a bad cycle will lead to default and the collapse of the world economic system...yes, that's how bad off he left us.
And if one comes while interest rates are very low, there's little room for the Federal Reserve to lend a hand in pulling us out. It's one reason rates are typically raised during strong growrh.