As predicted. They kept rates low to attempt to swing the election to the Democrats and to "preserve" Obama's legacy. Obama's economy was nothing more than smoke and mirrors. TARP (bailouts) was a Bush-era plan. Rates were not raised and Quanitative Easing injected trillions of dollars into the U.S. Economy out of thin air. Its the raising of rates that bust the dot-com bubble.
Now we have an almost $20 trillion dollar debt and over 95 million working age people unemployed with nearly 50% of the country on some time of government subsidy/entitlement. No matter who inherited this, there was going to be a mess to clean up. Now interest rates have no where to go but up. Quite the financial hole to dig out of.
Trump plans to invade China and divide it up amongst Russia, India, Taiwan and the Phillipines! His cure for the debt would be to beat them up and take their lunch money! The hits keep on comin'! (tongue and cheek for those cut and paste argument junkies out there)
You just called China thin air....there's no thin air in China! You can cut it with a knife like LA on a bad day
China is all thin air. They are speculating 1.5% rate increases the next 18 months. Its gonna get rough
They chose a decent time to raise the rate. GDP growth was 1.1% for the first half of the year. 2.9% in Q3. The weak recovery is sustainable for the near term.
