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I'm pulling for Trump as the alternatives are horrid, but he
Posted on: February 21, 2020 at 21:02:55 CT
JeffB MU
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has to share the blame for putting his foot on the gas of the bubble blowing machine.
To an extent that's understandable as the Fed had its foot on the gas in a big way the whole time Obama was in office & then started raising interest rates after Trump was elected. That is often the pin that *****s the bubble.
He pressured them into artificially suppressing rates again & as is to be expected, the economy booms.
But the busts inevitably follow and the bigger the bubble, the bigger the crash. It's a lot like hangovers from booze or drugs.
To an extent that's understandable as the Fed had its foot on the gas in a big way the whole time Obama was in office & then started raising interest rates after Trump was elected. That is often the pin that *****s the bubble.
He pressured them into artificially suppressing rates again & as is to be expected, the economy booms.
But the busts inevitably follow and the bigger the bubble, the bigger the crash. It's a lot like hangovers from booze or drugs.
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I'm pulling for Trump as the alternatives are horrid, but he - JeffB MU - 2/21 21:02:55