Trump is using tariffs to tank the economy so the fed will lower interest rates

[Peacetrain]

because all the money he has to pay on loans will go down then... the man is willing to tank the American economy.. and the world so the fed will lower interest rates.. he has been hammering at the fed to lower rates..the one thing we have when the downturn eventually comes as it always does.. but Trump is forcing the issue..that is the point of view from Iowa ..

[Cary]

1. Methinks you give the moron too much credit

He knows nothing of how to tank an economy and could not care less about interest rates. He makes it up as he goes along.

[Peacetrain]

3. I don't think he is stupid.. I think he is completely amoral..

and yep.. I believe he would do exactly that.. no one could lie the way he does... if he was not such an amoral person

[still_one]

2. Yup

[unblock]

4. exactly. he is manipulating the economy for the election.

he is tanking things to get the fed to lower interest rates. then, next summer, he will declare some sort of trade war "victory". it will probably be a paper victory only, but the media will eat it up, and the stock market will love it, even if it only means he's dropping the tariffs.

and he will get a bump in the polls just before the election....

[Peacetrain]

5. Yep .. that could be the very outcome

[ScratchCat]

6. I don't think so

Any problem with the economy a year from now wont be something that can be fixed by a drop in the prime rate. The rate has been artificially low for years and has just been raised back up to more legit levels. The Fed isn't dropping the rate again because there is no reason.

And to the OP's point - I doubt the interest on Don's loans with Russian Oligarchs or Saudi shieks are tied to the Fed rate.

[unblock]

8. i agree that his personal debts are not likely a factor

other than that he generally has people he has to answer to, and his debts are part of this, but in any event, getting re-elected is the best way for him to manage his debts....

the yield curve is finally clearly inverting and staying that way. this historically is a good predictor of a recession, but the timing is unclear, 6 months to as long as 24 months away. the fed won't lower rates for the sake of lowering rates, or just because donald fraud says to, but if tariffs weaken the economy, well, the fed will certainly lower interest rates if the economy weakens.

we never got that far off zero, but the fed does have room for cuts -- probably enough to keep the recession from starting until at least next summer. hard to say at this point whether they can push it off until after the election, but that seems to be the plan, anyway.

[dixiegrrrrl]

10. I dunno

He has been lying about the economy since day one. He will continue to lie about it, and everything else.

I am suspicious that ruining the economy is his goal.
When you look at the budget deficits he is piling on, a record $21.21 trillion so far, at the end of June, (a 6.9% increase from 2017) *
and the fact he has been giving our tax dollars to pals of his,
for example ( Trump Administration Farmers' Bailout $62 Million Went to Corrupt Brazilian Brothers Who Bribed Officials**)
I get a sense that he is draining the treasury as fast as he can to his oil-igarch pals,
and Mnuchin, as head of the Treasury, is helping as much as he can.


* https://www.usaspending.gov/#/

** https://www.msn.com/en-us/news/other/brazil-subsidiary-hoovers-up-dollar62-million-in-trump-trade-war-aid-intended-for-farmers/ar-AABwPag

That fancy London hotel he had his entire family and WH staff and Mnuchin stay at for 3 days is owned by....a Qatar oil-igarch.

[unblock]

11. yes, he certainly wants to grift and loot the treasury, no doubt about that.

and his goal isn't to wreck the economy, his goal is for the economy to pick up right before the election. to do that, he's pushing it down now so that it pops up later.

[no_hypocrisy]

7. I disagree. Trump doesn't pay his creditors.

[unblock]

9. touche