Trump on Interest Rates -OMG!

Guest Post by Martin Armstrong

I have said this many times, when it comes to understanding interest rates Trump is speaking the standard mantra that people apply when it comes to interest rates. Trump is a borrower, not a lender. His bankruptcies were the result of the business cycle and he leverages himself to the hilt so when the recession comes, he gets in trouble and when it is booming he claims to be a fantastic investor. But he is no trader. He could have hedged the business cycle but did not.

This latest rant that interest rates should be lower illustrates he is a borrower and not a lender. Therefore, he views that lowering interest rates will be bullish when in fact lower interest rates wipe out the savers.

Sorry, I do not agree with this and more than 10-years of low to stupidly low interest rates have FAILED to reverse the economic declines in Europe or Japan. Europe is approaching its 13th year of economic recession. When we look at the German share market, the strongest in Europe, it still has not exceeded the 2000 high on the Price Index. So much for lower interest rates boosting the share market.

Hello President Trump! You better look for some REAL advisers.

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Steve
Steve

Yeah, fuck the savers and those on fixed incomes.
Granny has a new home……under the bus…

22winmag - Guns now, due process later DJT 2-28-19

If white people won’t go full Boer when Granny, Dad, and Sis are thrown out into the shelters with the diseased immigrants, all hope is lost.

Even the hope of death without dishonor would be lost.

Let’s not go down like Rhodesia.

Elpidio Corona, Asshole
Elpidio Corona, Asshole

Is your momma diseased?

Vote Harder
Vote Harder

Trump just a few months ago was Tweeting “Best economy ever”. At the same time he was calling for the Fed to lower rates to improve the economy. Trump believes that the health of the stock market is the sole indicator of the health of the economy. No other part of the economy exist outside of Wall Street. Meanwhile the other wall, you know the one on the southern border is crawling along at a snails pace.

Max
Max

May be that this has been and continues to be part of “their” plan for global domination.

Elpidio Corona, Asshole
Elpidio Corona, Asshole

Like I told MyG, you are looking at it from the wrong angle. He is not negotiating a lower rate for debt-laden Americans, he is negotiating a refinance of the government’s interest payments. You have to disabuse yourself of the illusion that he works for you before you can see the truth.

Why are you crying because the Raiders lost? They don’t even know you’re alive. – Mrs. Pangloss

Mygirl...maybe

Will you quit referencing me about wrong angles? You and I have never discussed or commented on anything resembling money, finances, the debt, interest rates etc. except for that one time in the alley and I said your offer was too low and loaned you my hankie:)
And…
You’re tight, he’s attempting to make a lower interest rate for the government. NIRP around the corner? If so then people are screwed. Especially people who invested and hoped to live off of interest. I spoke with a financial consultant awhile back, asked her how I much I needed to invest to earn $700 a month in interest, she said $203,000.

Methinks Trump is being preemptive, bitching at the Fed, saying they’re incompetent so when the bottom falls out he’s gonna stand there and pass the buck. I also think TPTB want to drop the ball on his watch so it’s actually rather smart to set the Fed up like he’s doing.

e.d. ott
e.d. ott

Trump has been doing this “drop the prime rate” schtick for a while now, making the Fed look conservative. He knows another round of interest rates will temporarily juice the markets possibly just long enough for him to dodge a short-term economic bullet and get re-elected.
This is a prime reason people need to diversify some of their savings to silver and small gold holdings. When the liquidity and easy credit goes away it going to get hard for the poor and senior citizens. I expect retirees and those expecting pension benefits are going to be hit, too, and Trump is not going to be very popular with the gray-haired crowd when they figure out what happened after the fact.

TC
TC

Funny that the cuckold in chief didn’t have shit to say about Israel spying on his phone calls though. What a disgrace.

Iska Waran
Iska Waran

The Fed can only move the short end.

Steve
Steve

They can induce buyers on the long end too. Buyers have good reason to believe the FED will buy the long end and owners will reap a massive payoff when they do.

Anonymous
Anonymous

GENTLEMEN: THE FED IS THE PROBLEM – NOT EVER THE SOLUTION – I AGREE, THEY CAN AFFECT THE LONG RUN- LIKE CREATING THE GREAT DEPRESSION, THE 2008 DEBACLE AND THE FORTHCOMING EVERYTHING BUBBLE!

M G
M G

Stop yelling…

the experienced
the experienced

Europe in its 13th year of recession?
I spoke to my cousin in Germany who builds houses for a living. He always had more work than he can handle. But last year he stated that the building boom there is so great that materials are in short supply and even simple bulk, like drive way rock, has to be preordered. He has never seen anything like this.

MrLiberty
MrLiberty

Murray Rothbard said it best:

“It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.”
– Murray Rothbard

Anonymous
Anonymous

Can we all finally agree that trumpy IS the establishement and a complete fucking idiot. Or are we the idiots for thinking he is our last, best option? WE DESERVE BETTER CANDIDATES THAT WILL DRIVE CONSERVATIVE CHANGE! He has done very little but talk.

We as conservatives deserve better than this moron. ZIRP, and even going NEGATIVE; he is killing his base – those SAVERS get no interest income, the BLS/Fed distort real inflation to screw us out of ‘social security’ by not adjusting for it, and the damn idiot is spending us into oblivion!

Typical government answer – we need to refinance our debt and need lower rates. These assholes address the symptoms of problems – not the root causes – HEY TRUMPY, HOW ABOUT WE FUCKING CUT THE DAMN DEFICIT SPENDING????

John Galt
John Galt

I thought maybe he was insinuating the public should refinance their debts because, remember, sheep are stupid. Intriguing that he mentions we should “substantially increase the term”. So we need to refi and go farther out to pay it off. Like Denmark is allowing 50 year mortgages with negative interest rates. That is not a good sign of a growing economy. That is a way of slowing down a failing economy. What dies he know and what is he trying to tell us. Maybe, if you have debt and a dem gets elected you better have a lot of extra cash on hand or really safe cash flows because the dems are gonna really mess up the economy for sure.

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