Fed Raising Rates?
- Thread starter cawacko
- Start date
I pay no attention to "consensus opinions"....it simply means a majority of people are found to think and reason in the same fashion, there is no definitive truth or fact involved..just opinion. It was the general consensus opinion several centuries ago that the world was flat and the earth was the center of the universe with sun revolving around it...and that opinion was held by those calling themselves the enlightened free thinking scientists of the day.
Just like my opinion on the election, as I sated, I would wait until the real opinion poll came out on Nov. 9th 2016. And the "CONSENSUS" among the majority? Hillary had a 95% chance of winning. Conclusion: That consensus was Bull Shit....because it omitted the fact...its the majority of the states that win presidential elections, not the majority of opinion holders. There is dreaming and there is reality. The entire thing is moot....for any lame duck congress or executive branch. The real opinion and the only one to count will not begin formulating until Jan. 21, 2017.
But...that's just my opinion on the subject of CONSENSUS.
No consensus represents factual truth, or no consensus opinion would be required, only a statement of facts presented.
Just like my opinion on the election, as I sated, I would wait until the real opinion poll came out on Nov. 9th 2016. And the "CONSENSUS" among the majority? Hillary had a 95% chance of winning. Conclusion: That consensus was Bull Shit....because it omitted the fact...its the majority of the states that win presidential elections, not the majority of opinion holders. There is dreaming and there is reality. The entire thing is moot....for any lame duck congress or executive branch. The real opinion and the only one to count will not begin formulating until Jan. 21, 2017.
But...that's just my opinion on the subject of CONSENSUS.
No consensus represents factual truth, or no consensus opinion would be required, only a statement of facts presented.
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cawacko
Well-known member
Why shouldn't they raise them? (they should have done it long ago)
cause they kept it down to benefit obama i hope they do the same for trump until we can see some impact on his polciies.
cawacko
Well-known member
You want them to keep it down to F the country with cheap money even more than they have? No thanks
see if you raise the rates then banks will raise interest rates too. For credit cards and stuff. Instead of spending the money to create new jobs people would either be saving or paying off cc.
The entire point of carrier softbank and other random stuff trump is doing is to give people hope. That the govt will protect their jobs and that new jobs are coming so that they spend more and keep consumer spending high whichh is really what keeps the economy running and generates new jobs.
cawacko
Well-known member
So we should have cheap money forever and there will be no repercussions? If only life was that easy
until we get the economy going again yes. When consumer spending has recovered you can raise it.
cawacko
Well-known member
Great idea if you're a fan of bubbles and huge busts
alternative would be an economy permanently down. Consumer spending hasnt recovered since recession.
cawacko
Well-known member
Well fortunately the Fed has finally woken up and will raise rates. Not sure what you think would happen to spending if we were to have another fed driven asset bubble burst
cawacko
Well-known member
cant get any worse
Can't get worse than what?
just curious. What do you think the fed raising rates would do?
cawacko
Well-known member
fight inflation and try to ward off future financial bubbles brought by too much risk taking due to the low rates
