Does he know that cutting the rate has a tendency to raise inflation? Jesus, these morons don't even know basic economics.
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They know EXACTLY what they are doing 100% of the time.
Not Trump. Maybe some of those around him.
But even those don't always have a handle on what's happening, and events can fuck over even the best-prepared.
I will not give them that much. Many of these people at the top are greedy idiots. The smartest things they did are to buy other greedy idiots who were elected and to pay greedy smart people to keep modifying the system that they themselves don't fully understand to make them richer.
No, this is totally the point. The wealthy can borrow cheap money now to buy up all the property people are losing in disasters and financial crises. Welcome to renter hell, peons.
About as coherent as "we defeated Medicare!"
Remember, the reason nothing is built in America is your fault (the people). We keep asking for liveable wages and that is why we make everything overseas.
So every year when you get your 1.2% or 1.9% raise, it's your fault everything is expensive. If only you lived in a third world country with a lot of "sacrifices", then we could make fake trees in the USA.
If Americans are confident that the central bank can keep inflation in check, they won’t take steps — such as demanding sharply higher pay when prices rise — that can launch an inflationary spiral. Companies often increase prices further to offset higher labor costs.
Chris Butler, CEO of National Tree Company, the nation’s largest artificial Christmas tree seller, says his company will raise prices by about 10%...... The cost of labor and real estate is too high to make them in the United States, he said.
Every week we get a new episode of Nixon's Watergate and a new W. Bush's Mission Accomplished like it's a Netflix series with this Trump administration.
Clicks mean money. 😭
I'm a millionaire.
*checks bank account
Oh, see how by just saying something, it's not necessarily true?
I’m sure no fed expert but I can’t believe they are cutting rates in this environment.
"Inflation is defeated" sentences conjured up by the hopelessly deranged.
Maybe he should do a televised speech with a banner behind him that read "Mission Accomplished".
It worked before.
'let them eat cake'
Lmfao nope