DBA
Diamond Member
- May 10, 2015
- 13,171
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Lets make a friendly bet. If Trump wins, barring something out of left field(world wide virus, huge terrorist attack, etc.), the economy will remain strong and continue to steadlily rise until at least June of 2021. If one of the Democrats gets elected, barring the same stuff coming out of left field, the economy will be in a downfall by June of 2021. Of course, what is lilkely to happen is that Trump will win and you guys will continue your "we are headed for a recession" diatribe until it actually happens. In the unlikely event that our country really is dumb enough to elect one of the looney left, and the economy tanks, you guys will blame it on Trump.
Again, we'd blame it on Trump because we are ALREADY heading into a recession now. It's not "going strong".
The real problem- and I know you don't get this- is that Trump is doing all the shit we do during a recession to keep the economy going. So when the recession does hit, the Fed won't really have anything to combat it.
If the economy was doing great, they'd be increasing interest rates, not cutting them.
There are many reasons to cut rates. One is the world economy stinks and their rates are in negative territory in some cases. Another is our inflation rate is very low, indicating we need to increase demand. It is a balancing act. At this point, it is very difficult to argue that our economy is not doing well, but it can still be tweaked.
The economy is doing very, very well. The Democrats are in full spin mode. If the world economy can pick up, the US economy will get even stronger.