Essential Economics for Politicians

Booter said:
There is great anger in our Country caused in part by inaccurate, and even fraudulent, reporting of the news. Stop the open & obvious hostility & report the news accurately & fairly.
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Unless you have proof of what you claim regarding "messaged" numbers, you are the fraud here bootsie...
Simply post the facts and cite the sources, otherwise you are adding to the "great anger" you speak about.
The source used is a legitimate source...prove the numbers are wrong...prove the numbers are questionable...
Stop the open & obvious hostility & report the news accurately & fairly.

PS We did land on the moon, Oswald acted alone, & no votes were changed in the last Presidential election.
 
Lion Eyes said:
Unless you have proof of what you claim regarding "messaged" numbers, you are the fraud here bootsie...
Simply post the facts and cite the sources, otherwise you are adding to the "great anger" you speak about.
The source used is a legitimate source...prove the numbers are wrong...prove the numbers are questionable...
Stop the open & obvious hostility & report the news accurately & fairly.

PS We did land on the moon, Oswald acted alone, & no votes were changed in the last Presidential election.
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I was just yanking your chain. My recent posts on this topic were all quotes from your hero Don The Con. I guess you only swallow that tripe when Trumpy is dishing it out. SUCKER!!!
 
Lion Eyes said:
The Federal Reserve is cutting interest rates for the first time in over a decade — a preemptive move aimed at extending the already record-long economic expansion.

The Fed on Wednesday lowered its target for the key federal funds rate by a quarter percentage point. The move should decrease the cost of borrowing, including for credit cards, auto loans and mortgages.

The rate cut — the first since the Great Recession — had been widely expected, but it marks a turnaround for the Fed. As of late last year, the central bank was expecting to continue raising rates in 2019.

Major stock indexes fell after the Fed's announcement, with the Dow Jones Industrial Average down more than 350 points, or 1.3% percent.

The U.S. economy is still growing at a modest pace. And, at 3.7%, unemployment is near a 50-year low. But the central bank is concerned that trade tensions with China and slowing growth in other countries could put the brakes on the economy, just as many Americans are beginning to enjoy the benefits of a slow-moving recovery.


https://www.npr.org/2019/07/31/734060292/fed-cuts-interest-rates-for-1st-time-since-2008
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Hmmm - big-business types have been asking for a rate cut for months. When they get it, the market falls.

I don't get it.
 
messy said:
What do you think lowering the interest rate is? It’s a “parlor trick” to incentivize more borrowing to bring more money into the economy...and more debt.
With a year and a half before election and the economy plateauing...what a surprise.
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The President has no control over what the fed does with interest rates.
DT wanted a bigger cut, and so did the market.

The market was at 18,000 when DT was elected.
Perspective.
 
Ricky Fandango said:
The President has no control over what the fed does with interest rates.
DT wanted a bigger cut, and so did the market.

The market was at 18,000 when DT was elected.
Perspective.
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My statement was correct and the market rose much more, percentage wise, under Obama.
Learn.
 
messy said:
What do you think lowering the interest rate is? It’s a “parlor trick” to incentivize more borrowing to bring more money into the economy...and more debt.
With a year and a half before election and the economy plateauing...what a surprise.
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Actually, itʻs the other way around. More money in the system, drives down interest rates , incentivizes borrowing, and drives up cost when more dollars are competing for the same amount of goods and services pre-rate cut.
 
Bruddah IZ said:
Actually, itʻs the other way around. More money in the system, drives down interest rates , incentivizes borrowing, and drives up cost when more dollars are competing for the same amount of goods and services pre-rate cut.
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It’s both. The more money will be flying around because it’s cheaper to borrow. Rates were lowered today not by “more money in the system,” but by fiat, so people will borrow more.
 
messy said:
Incorrect. Higher stock market, low inflation. QE had nothing to do with anything except the first couple of years it saved our economy from crashing.
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Sucker. When you save the bond market with 6 straight years of QE, guess what that does for the stock marketʻs lenders? Low inflation- when you bail out the banks and then pay them interest on their reserves, guess what they do? They donʻt lend as much. No lend, no inflation. In fact, the largest banks held 3 to 7 times more life insurance than real estate according to FDIC balance sheets. Learn
 
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