Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Latest Breaking News

IronLionZion

(51,205 posts)

16. Listen to Alison Krosik explain why the Fed has to raise rates

Reply to DonViejo (Original post)

Thu Oct 11, 2018, 06:03 PM

Oct 2018

Dipshit's tax cuts were pouring gasoline on a hot economy and it is overheating. Rates have to rise to avoid inflation.

https://www.cnn.com/2018/10/11/investing/dow-stock-market-today/index.html

And the Fed has to reduce their stimulus so that they would have the tools to help when the next crisis happens. Except this time, we are deeper in debt than ever before and won't have tax dollars available for stimulus. The GOP is going to wreck our economy and leave Dems with the tab. When a future Dem president inherits a broken economy and attempts to fix it, we'll hear the GOP obstruct because of the debt. Just like they did with Obama.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

31 replies

= new reply since forum marked as read

Highlight:

Dow drops nearly 550 points, sending its two-day loss total to nearly 1,400 points [View all] DonViejo Oct 2018 OP

Buckle up for a wild ride, imo saidsimplesimon Oct 2018 #1

Thanks Traitor Trump. You knew he was going to break the economy. Farmer-Rick Oct 2018 #2

republicans always break the economy. barbtries Oct 2018 #4

True that Farmer-Rick Oct 2018 #9

They clean out the treasury to give to the rich thegoose Oct 2018 #12

Then...label Dems as TAX and SPEND LIBERALS once again......... Bengus81 Oct 2018 #25

yep barbtries Oct 2018 #29

Its what GOP presidents and Congresses do workinclasszero Oct 2018 #27

George W. Bush all over again.......... Bengus81 Oct 2018 #3

Remember . . . Roadside Attraction Oct 2018 #5

Time for Democrats to rescue the economy again (and not get credit for it) groundloop Oct 2018 #6

No we won't get any credit at all! workinclasszero Oct 2018 #28

And trump blamed the Fed, refusing to acknowledge his own failure truthisfreedom Oct 2018 #7

The Trump recession. 7962 Oct 2018 #8

Blames it on the Fed gone crazy. leftyladyfrommo Oct 2018 #10

We are at a precipice as IF this a start of long awaited correction, beachbum bob Oct 2018 #11

30 yr mortgage rates have climbed from a low of 3.41 to 4.9% empedocles Oct 2018 #13

Pretty soon we're going to hear FakeNoose Oct 2018 #14

It's the economy, stupid! ffr Oct 2018 #15

Listen to Alison Krosik explain why the Fed has to raise rates IronLionZion Oct 2018 #16

Points smoints. Percentages are what really count, and SP500 much better indicator than Dow. . . nt Bernardo de La Paz Oct 2018 #17

Neither are an indicator of -real- economic health... nt Shipwack Oct 2018 #20

True. . . . nt Bernardo de La Paz Oct 2018 #21

Tariffs and Deficits Midnightwalk Oct 2018 #18

Thanks, Dotard. Nt raccoon Oct 2018 #19

And tomorrow will be worse question everything Oct 2018 #22

Thank God I have the Trump Tax Cuts to make up for the loss of 40 years of retirement savings. Midnight Writer Oct 2018 #23

The markets reflect uncertainty bucolic_frolic Oct 2018 #24

More bad news. Getting old. Getting personal. KPN Oct 2018 #26

Kick ck4829 Nov 2018 #30

DJIA Is Down 5.01% In A Month ProfessorGAC Nov 2018 #31