Quote:
Originally Posted by RoninLB
The slow and steady Fed rate cuts encourage hopes that they will cut again in the future.
The Fed is encouraging a recession.
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That is probably true. But if you think that the Fed is encouraging a recession just wait until China and those other nations acquiring the more than $2 billion per DAY via our trade imbalance decide to cash in those American dollars.
What that is probably going to do the our economy and our standard of living might make a simple "recession" seem like a walk in the park. I hope not but I can see no other result if it's looked at truthfully and honestly.
Any economist who thinks that we can continue on that path with no dire consequences is at best a stupid dip***** and most likely a paid shill.