A Complete Waste of Space

callmeslick wrote: ↑Fri Feb 02, 2018 5:46 pm this IS the Trump economy kicking in, as expected. At my annual meeting, it was assumed domestic stocks would sell off around 10-15% in the coming 6 months, so this week seems about right. What has happened is this: First, as I've been noting, the value of the dollar has been plummetting. This is not due to any reason past loss of global confidence in the stability and reliability of the US. Thus, when Cheetolini kept doubling down, and this year's bond auctions started up, the bottom dropped out altogether due to paltry demand and lack of interest in the Fed buying any more bonds. Thus, the interest rates shot towards 3%(nearly TRIPLE what they averaged under Obama), adding to the cost of any loan. Since some risky types have been borrowing to buy into the markets, their costs just tripled, and that should kill demand there, too. Further, it will depress growth in the slowly healing housing markets, and moreover, make paying down the national debt, to which the Republicans have been piling deficits onto for no reason, more difficult. Note to our Republcian friends: it's ok to run a deficit in a time of dire need, but 6 years into an economic recovery, slashing taxes(revenues) and spending like the desperate for re-election frauds you are, is a recipe for disaster.