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GummyBearz

(2,931 posts)

16. It doesn't matter is my main point

Reply to Yavin4 (Reply #15)

Tue Nov 29, 2016, 01:44 AM

Nov 2016

The US borrowing money from itself... what do the rates matter? There was discussion between serious economists about how the US could just print a trillion dollar coin and then spend it in order to solve debt problems/create money velocity and inflation back a couple years ago. Raise the rates to 20% and they can still print that coin.

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Janet Yellen and the Federal Reserve needs to raise interest rates soon and often [View all] Yavin4 Nov 2016 OP

They won't give a shit... Wounded Bear Nov 2016 #1

True, but they won't be able to run from it. They will have to own it. Yavin4 Nov 2016 #3

They will only "own" it if the fucking media lays it on the line... Wounded Bear Nov 2016 #17

You're not kidding! InAbLuEsTaTe Nov 2016 #8

5% should be the target. Dawson Leery Nov 2016 #2

Yep. Take the credit card away from the affluenza teens in the WH and Congress. n/t Yavin4 Nov 2016 #4

Discount and Funds rate must go up too. Dawson Leery Nov 2016 #5

I get the point, but don't think that idea is good for anyone in this economy. Hoyt Nov 2016 #6

...at the same time, Donnie cannot blow up the deficit. Dawson Leery Nov 2016 #7

With low interest rates, Trump and the Republicans can cut taxes on the wealthy, engage in wars, Yavin4 Nov 2016 #9

They can do that no matter what the borrowing rates are GummyBearz Nov 2016 #12

Higher rates are inevitable no matter what. Even if Hillary had won, they'd go up. Yavin4 Nov 2016 #15

It doesn't matter is my main point GummyBearz Nov 2016 #16

The bubble will be horrible and will come quickly if Donnie gets his way. Dawson Leery Nov 2016 #13

Significantly higher rates will shut down construction and throw us into another recession with Hoyt Nov 2016 #14

People should be getting out of the US dollar at this point. roamer65 Nov 2016 #10

OPEC is cutting production so oil is on the rise Yavin4 Nov 2016 #11