Quote:
Originally Posted by RedFred
I seriously think Trump has been warned an economic collapse is a very real possibility. Why else would he have been whining about the Federal Reserve raising interest rates. He's setting the stage so when/if it happens he can blame them and say 'see? I told you raising the rates was a bad thing'
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Under 8 years of Obama, the fed raised rates 1 time.
Under 18 months of Trump, the fed has raised rates 6 times, and say they will raise another 4 times in the next 6 months.
The fed raises rates to fight inflation. The 1% are taking in trillions by raising the cost of living in every market wiping away the measly tax decrease. The cost if gas alone has gone up 20% - 30% depending on where you live.