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Reply to "Trump Approval Polls"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don’t think his poll numbers will really tank until the tariffs raises prices on American products and farms go under due to tariffs. Also when Americans are personally affected by the indiscriminate slashing of government offices, stock market crashes, unemployment is high and the services that helped unemployed people get through it will be long gone. We are heading towards this. [/quote] Alternatively, tariffs will reduce consumer spending, which will lead to less inflation and cause the Fed to lower interest rates by more basis points than was previously thought, which will cause stocks to rise and housing to become more affordable. I thought what people wanted was jobs to come back home, lower inflation, and affordable housing?[/quote] Dear god, do you believe this? Have you heard of deflation? Stagflation? I bet you also believe in trickle down economics.[/quote] The inflation numbers yesterday were positive. Egg prices are down from $9 a dozen in early March to $6 now. Toll Brothers announced they’re dropping prices for new homes. The government is laying people off and some private companies are following their lead. All of these factors (lower costs, lower housing prices, a looser labor market) are what the Fed wants to see before they lower interest rates. Lower interest rates will make the stock market rise. I’m not revealing secrets here. Jerome Powell has said as much about when the Fed will lower rates and its no secret lower interest rates contributed to the stock market boom post 2009.[/quote]
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