General Discussion
In reply to the discussion: Why Trump's path to reelection is totally plausible [View all]Desert grandma
(804 posts)That's what our financial adviser told us. He said that according to The Market Insider, last September, the short term lending rate spiked from 2 % to 10%. The rate indicates how expensive it is for banks to access quick capital. This was a sign of volatility in the lending market according to the article. In order to prop up the system, the federal reserve (Trumps minions) has been pumping billions into the system to calm money markets. He also said that this is not sustainable and we will probably see a recession when the injections of liquidity can no longer stabilize the market. His opinion was that the Federal Reserve will continue to do this through the election in November if they can. After that, he continued, we will reap the consequences of this foolish financial move.
Of course this is all speculation, but I wanted to share what unbiased financial managers think about the economy and 45's chances in 2020. I sincerely hope they are wrong.