General Discussion
In reply to the discussion: Should we just bite the bullet and wait until 2020 to vote Trump out of office? [View all]at140
(6,256 posts)with record breaking artificially low/zero rates. Just compare the real and actual inflation for last 10 years. Your money in bank has earned you may be 5% total in 10 years if you were lucky. While house prices have doubled, grocery prices and healthcare costs have increased way beyond 5%. The seniors who depend on interest incomes have been robbed and pillaged.
As inflation picks up, and if FED begins to unwind their $4 Trillion balance sheet and increase interest rates towards normal level based on inflation, the stock market bubble will deflate.
But 50% of people do not own any stocks. The richest 10% own 90% of all stocks. I would not count on stock market falling to demolish Trump's poll numbers. What will cause his poll numbers to go south? The job numbers & unemployment! Because 90% of people are affected by jobs situation.