Most of the time I don’t talk about financials or the global economy.
You might have noticed that my blog is about general lifestyle topics, and these ones include everything I live, like, do, think, etc. But economics is kind of boring for some people, that is why I haven’t written about it. That is until now.
We are living interesting times, that’s for sure, when lots of things are changing around us and all over the world.
Today, for starters, I would like to address some monetary issues that concern the stock market and the Federal Reserve.
President Trump and Powell Fed Reserve
One question: If the economy is doing so well, why do the rates have to be cut?
In the meantime, let me quote President Trump:
“They must Cut Rates bigger and faster, and stop their ridiculous quantitative tightening NOW” Trump boomed, even though the Fed ended their “ridiculous quantitative tightening” LAST WEEK.
“Three more Central Banks cut rates.” Our problem is not China – We are stronger than ever, money is pouring into the U.S. while China is losing companies by the thousands to other countries, and their currency is under siege – Our problem is a Federal Reserve that is too…..
— Donald J. Trump (@realDonaldTrump) August 7, 2019
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Trump a different president and human being 😈😈😈😈
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True.
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I listen to a lot of leaders around the world and they all say their economy is great at the same time rates are being cut and trade wars ongoing. I prefer to look around and I see homeless, stores closing, and people telling me they are out of work; that is the real news and economy and it is not good.
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The market is a very bad gauge of how the US economy is doing ! The small businesses on the streets are the gauge … and I can tell you its slowing down !
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We haven’t had it so good in the 22 years I’ve been in construction. Not even close. Trump may be a pain in the ass but I can’t wait to vote for him again. Keep America Great Again vs. “Free Stuff and Crappy Economy”? It’s a no-brainer.
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I am so happy you are doing so well, Jim. Some sectors of construction are really booming!
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