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Reply to "Biden’s economy"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The 10-year note yield is now up 90 basis points YTD and nearing 4.70% for the first time since November 2023. As treasury yields rise, we are seeing further pressure on stocks and other risky assets. Meanwhile, the base case now shows just 2 interest rate cuts in 2024. Higher for longer is officially back and interest rates are surging quickly. We will likely see 8% mortgages return soon and credit card interest rates will cross above 25%. Bidenomics working![/quote] Yup, the markets aren’t lying. Biden inflation is becoming entrenched. Because of it, we may have high interest rates for years. [/quote] what's Turmp's plan? [/quote] You do realize that a perfectly good plan is to simply do nothing, and that cutting spending helps inflation, right? All Biden's plans include are stimi spending, billions in student loan forgiveness, rent moratoriums they were outrageouslyong, more free handouts, and never ending streams of cash injections into the economy that keep blowing up inflation and making everything worse. Simply not spending money like a moron and allowing the Federal reserve's rate hikes to work is good for starters. Trump won't be doing stupid stimi spending and handing out so much free cash. He will also increase oil production, which will go a long way at reducing transportation costs. Everything the Biden administration does makes inflation worse and is blowing up all of our life's savings. [/quote]
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