Just to explain something real quick. When interest rates are lowered it's a sign the economy is weak and it needs a boost. When interest rates are raised it's a sign the economy is strong and it no longer needs a handout.
If you let interest rates stay low forever you will have an artificially inflated economy propped up by free borrowed money. Not good. When something is built upon a weak foundation you know what eventually happens..
Knowing all this, I get a text from my mom today (typical baby boomer in her 60's) saying... "Jay, why are the Democrats and the fed working against Trump to slow the economy?".
I tried my best to explain it to her. But she couldn't understand anything I said and instead chose to believe her friend Sally on Facebook. She then moved the conversation along to the topic of scary movies so she didn't have to use her brain anymore..
If you let interest rates stay low forever you will have an artificially inflated economy propped up by free borrowed money. Not good. When something is built upon a weak foundation you know what eventually happens..
Knowing all this, I get a text from my mom today (typical baby boomer in her 60's) saying... "Jay, why are the Democrats and the fed working against Trump to slow the economy?".
I tried my best to explain it to her. But she couldn't understand anything I said and instead chose to believe her friend Sally on Facebook. She then moved the conversation along to the topic of scary movies so she didn't have to use her brain anymore..
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