Trump’s company could save millions if interest rates fall like he wants

[K9Buck]

Wow, Dec. 16, 2008 the Fed rate was .25%, which is effectively zero. Lowest fed fund rates possible. Between 2008 and 2015, the Fed kept the rate at zero.

July 2019 they were 2.25% and you want to piss and moan because you feel they're too low?

Coyote loyalty is to the Democratic Party. She doesn't care an iota about poor and middle-class Americans. They can all go to Hell, as far as she is concerned.

 

[OnePercenter]

We all would save money if interest rates fall.

TDS is a serious mental illness. It takes a real sicko to think that a President that encourages lower interest is doing it for his own good.

I remember that Democrat Jimmy Carter's 15% interest rates and it fucked everybody, businessmen and normal Americans alike.

We all would save money if interest rates fall.

Not necessarily. Only those with the highest credit rating will save as premium numbers haven't changed.

 

[K9Buck]

Because Dubya's economy completely collapsed

And, again, anything that went wrong was the Republican president's fault and NOT the out-of-control lending by the federal government, right?

 

[K9Buck]

Obama ended a recession. Reagan tripled the deficit. Trump will add at least as much as Obama and most likely more if he wins re-election.

I'd be out of my mind to NOT put this idiot on "ignore". Good riddance.

 

[K9Buck]

Trump is trying to pressure Powell into a much larger drop than is merited...

Trump is trying to invigorate the economy, which would be good, particularly for poor and middle-class Americans. Powell is probably another statist, never-Trumper and is trying to diminish economic growth to help the Democrats win in 20'. No doubt you agree. After all, your loyalty is to the Democratic Party.

 

[Coyote]

Wow, Dec. 16, 2008 the Fed rate was .25%, which is effectively zero. Lowest fed fund rates possible. Between 2008 and 2015, the Fed kept the rate at zero.

July 2019 they were 2.25% and you want to piss and moan because you feel they're too low?

Coyote loyalty is to the Democratic Party. She doesn't care an iota about poor and middle-class Americans. They can all go to Hell, as far as she is concerned.

You are accurately describing Trump.

 

[Flash]

We all would save money if interest rates fall.

TDS is a serious mental illness. It takes a real sicko to think that a President that encourages lower interest is doing it for his own good.

I remember that Democrat Jimmy Carter's 15% interest rates and it fucked everybody, businessmen and normal Americans alike.

We all would save money if interest rates fall.

Not necessarily. Only those with the highest credit rating will save as premium numbers haven't changed.

Moon Bats are often confused about Economics.

Lower interest rates are always good for consumers. Maybe not lenders or investors but everybody on the consumer side.

 

[OnePercenter]

So if you buy a house when interest rates are low you save thousands and thousand of dollars. Trump is a bastard!

So if you buy a house when interest rates are low you save thousands and thousand of dollars. Trump is a bastard!

As long as the house isn't overpriced.

 

[Coyote]

So liberals think the FED should make decisions based on how it impacts TRUMP's and only TRUMP's companies...

No. Trump thinks that.

Why should the Fed drop interest rates a full percentage point now?

What will they be able to do of the economy tanks later?

Crickets.

 

[Coyote]

Interesting....as we watch Trump berate and publically insult Powell.


Trump’s company could save millions if interest rates fall like he wants

The Post notes that just a quarter-point reduction, which many investors now predict will occur in mid-September, could save Trump as much as $275,000 annually on just his Doral loan.

Bloomberg News reported that every quarter-point reduction could save Trump $850,000 annually, which would create more than $3 million in annual savings if the Fed dropped rates a full percentage point as Trump has demanded.

The Fed cut short-term rates by a quarter of a percentage point in July, the first such action in more than a decade.

Wow, Dec. 16, 2008 the Fed rate was .25%, which is effectively zero. Lowest fed fund rates possible. Between 2008 and 2015, the Fed kept the rate at zero.

July 2019 they were 2.25% and you want to piss and moan because you feel they're too low?

I am saying don’t cut them for Trumps personal and political enrichment and leave with insufficient tools for a crisis.

 

[Coyote]

Well he didn't seek the office because he cares about the little people...

Actually, he did. He has lost a fortune since he began his campaign.

https://www.usnews.com/opinion/arti...ing-from-the-presidency-let-us-count-the-ways

 

[Coyote]

Hmmmm

The Fed Is Cutting Interest Rates Because Of Trump's Blundering Actions, Not His Blustering Words

The Federal Reserve can fairly be said to be cutting interest rates because of Donald Trump. But the move has little to do with the unprecedented and buffoonish levels of political pressure this president is placing on the U.S. central bank, whose functioning is key to domestic and global economic stability.

Instead, Fed officials made clear in minutes from their July 30-31 meetingreleased this week that they are, instead, reacting to Trump's erratic mismanagement of the economy.

Naturally the Fed, which is seeking more than ever to assert its political independence now that it's facing frequent Twitter tirades from the White House, did not mention Trump by name.

But the vestiges of his deepening trade war, and the impact it is having on world economy and in turn the United States, were cited as the leading rationale for the easing of monetary conditions, which represented an about-face from predictions of a hike as recently as late 2018.

 

[K9Buck]

You are accurately describing Trump.

Your position is that, because you have a personal distaste for Trump, we should replace him with a far-left socialist that is going to shit on the economy and reduce the standard of living for poor and middle-class Americans, right?

What's more important when picking a doctor, their qualifications and expertise or how nice they are?

 

[BluesLegend]

The economy is booming. That is what you all are saying. Even in the Great Recession they didn’t drop interest rates by that much.

Wow

 

[Augustine_]

We all would save money if interest rates fall.

TDS is a serious mental illness. It takes a real sicko to think that a President that encourages lower interest is doing it for his own good.

I remember that Democrat Jimmy Carter's 15% interest rates and it fucked everybody, businessmen and normal Americans alike.

Then Reagan immediately tripled the deficit

Yes he did. Debt is bad no matter whose does it. It is always better to reduce spending than it is to borrow money to pay your bills.

However, the difference between Reagan's debt and Obama's debt is pretty significant. Reagan gave us a tremendous economic boom. That asshole Obama increased poverty, decreased family income and inflicted dismal economic growth.

All those economic trends your fat idiot brags about started 10 years ago under Obama

 

[K9Buck]

Why should the Fed drop interest rates a full percentage point now?

So that the economy can grow, which will help to improve the lives of poor and average Americans. If Trump was all about the money, he would never have ran for potus. He's lost a fortune.

 

[K9Buck]

https://www.usnews.com/opinion/arti...ing-from-the-presidency-let-us-count-the-ways

I'm pretty sure Trump's net worth took a big hit.

Did you complain about Hillary selling out the U.S. when she was SOS? Yea, I didn't think so.

 

[Muhammed]

Interesting....as we watch Trump berate and publically insult Powell.


Trump’s company could save millions if interest rates fall like he wants

The Post notes that just a quarter-point reduction, which many investors now predict will occur in mid-September, could save Trump as much as $275,000 annually on just his Doral loan.

Bloomberg News reported that every quarter-point reduction could save Trump $850,000 annually, which would create more than $3 million in annual savings if the Fed dropped rates a full percentage point as Trump has demanded.

The Fed cut short-term rates by a quarter of a percentage point in July, the first such action in more than a decade.

Somebody's jelly....

 

[Coyote]

You are accurately describing Trump.

Your position is that, because you have a personal distaste for Trump, we should replace him with a far-left socialist that is going to shit on the economy and reduce the standard of living for poor and middle-class Americans, right?

What's more important when picking a doctor, their qualifications and expertise or how nice they are?

How qualified is a man with multiple bankruptcies and failed business’ under his belt to handle the largest economy in the world?

 

[Shrimpbox]

Interesting....as we watch Trump berate and publically insult Powell.


Trump’s company could save millions if interest rates fall like he wants

The Post notes that just a quarter-point reduction, which many investors now predict will occur in mid-September, could save Trump as much as $275,000 annually on just his Doral loan.

Bloomberg News reported that every quarter-point reduction could save Trump $850,000 annually, which would create more than $3 million in annual savings if the Fed dropped rates a full percentage point as Trump has demanded.

The Fed cut short-term rates by a quarter of a percentage point in July, the first such action in more than a decade.

The country could save billions if the interest rate falls lik he wants it?