Elk County Forum

General Category => Politics => Topic started by: Wake-up! on August 20, 2019, 09:13:59 AM

Title: So Much For El Trumpo's GREAT Economic Stimulus!!
Post by: Wake-up! on August 20, 2019, 09:13:59 AM
Eleven concerns; here is #11:

#11 President Trump is suggesting that the Federal Reserve should cut interest rates by 100 basis points and that the Fed should restart quantitative easing as soon as possible.  Both of those moves would be considered to be "emergency measures" that should only happen if a major economic downturn was imminent.

See the other ten at;  https://www.zerohedge.com/news/2019-08-20/11-reasons-why-so-many-experts-believe-us-economic-crisis-imminent
Title: Re: So Much For El Trumpo's GREAT Economic Stimulus!!
Post by: Wake-up! on August 20, 2019, 03:08:33 PM
And here is Dr. Ron Paul's take . . . .

Stocks fell last week following news that the yield curve on Treasury notes had inverted. This means that a short-term Treasury note was paying higher interest rates than long-term Treasury note. An inverted yield curve is widely seen as a sign of an impending recession.

Some economic commentators reacted to the inverted yield curve by parroting the Keynesian propaganda that recessions are an inevitable feature of a free-market economy, whose negative effects can only be mitigated by the Federal Reserve. Like much of the conventional economic wisdom, the idea that recessions are caused by the free market and cured by the Federal Reserve is the exact opposite of the truth.

Read the rest of the commentary at;  http://ronpaulinstitute.org/archives/featured-articles/2019/august/19/are-recessions-inevitable/