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I get the general, broad concepts. I also completely understand how unhealthy 0% interest rates are.
I bitched about those too.
I just don't like the Federal Reserve. Whatever they do. It's kinda a ridiculous concept.
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You're not down with digital alchemy......which is what all FIAT currencies are.
As much as I am not a fan either, the current US monetary system based on the MBS and the setting of fixed interest rates by a central bank is what allowed until 2008, such a large percentage of the American population to own a home.
This is the cornerstone of the American economy and is the number one most significant aspect that makes the American economy more successful than any other modern economy.
Many western countries don't even have fixed rate mortgages and require WAY higher down payments. Think about how many Americans that would keep off property ladder.
The best description of the FED: "It's the FED's job to take the punchbowl away when the party's really getting started." I forget which former chairman that is credited to.
That there have been slow and steady interest rate hikes with the Trump administration shouldn't be a shock to anyone paying attention. The economy seems to be making some slow progress out of the stagnation of the post 2008 crash.
With interest rates at basically 0 for almost the whole of the last administration, any forward economic progress, little though it has been, is going to be accompanied by interest rate hikes, that's just how the system works.
As much as some might like to paint this as a conspiracy against Trump by the deep state, and don't get me wrong there is a massive one, this is just central banking 101 in action.
If you feel there has been a slight economic improvement under Trump, then the actions of the FED are just SOP.
Part of the reason the FED didn't raise rates on the last administration is that it rode interest rate drops into the ground and the economy, just stagnated in the wake of the crash. The new normal had arrived.
For the record, please don't use the DOW or S&P 500 as a barometer on the health of the US economy, the post 2008 QE addicted economy is not the same as the economy of anything previously.
What matters is the level of disposable income middle America has. Take a look at those numbers in the mid-1990s vs. today. Basically everything has almost doubled in price, corporate salaries are the same. Now compare the DOW in the mid-1990s vs. now.