ST Alpha - "Looks like we will pay for the financial crisis folly economically after all— fed rates never recovered and now they’re zero. That tool is gone prob" (Reading a Post)

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Looks like we will pay for the financial crisis folly economically after all— fed rates never recovered and now they’re zero. That tool is gone prob

Posted by JackDawson (aka dawson) Mar 16 '20, 06:13

Ably for a long time

Watch out

Responses:

Would have been nice if they were at, say, 3.5 and could be dropped just to 2. -- nm - Reagen Mar 16, 06:14 17
- I really don't think it would matter at this moment. We're just looking at a massive shock to the economy no matter how you look at it. 0% interest - pmb Mar 16, 07:06 5
  - Well no, they can unempty the tax cut chamber by just, you know, raising taxes--borrowing rates are relative. A change from 1.5 to .5 is not the same - JackDawson Mar 16, 07:10 4
    - They can't raise taxes now. Ultimately yes, but not now. They can also raise interest rates eventually, but now it makes sense. Pretty much the - pmb Mar 16, 07:20 3
      - I agree it makes 100% to lower rates, what I'm saying is that because the rates were already artificially low to begin with, that quiver is much less - JackDawson Mar 16, 07:23 2
        
        Yes, I agree. - pmb Mar 16, 07:25 1
        
        Right, and this is really a carry over from the financial crisis/Bush pressure on the Fed - JackDawson Mar 16, 07:27
- Yup. Trump and the GOP in their insistence to control the Fed have destroyed this too. -- nm - JackDawson Mar 16, 06:15 10
  - The magnitude of their incompetence is just unfathomable. - Reagen Mar 16, 06:21 9
    - And yet he still has support of ~45%. Insane. -- nm - Don Homer Mar 16, 06:42 4
      - is his approval rating really that high still? a woman who used to work in my office who is morbidly obese, diabetic and has poor circulation - amanda Mar 16, 06:49 2
        
        Another poll out today had him down in AZ vs Biden, outside MoE. -- nm - Reagen Mar 16, 06:57
        
        depends on the poll. Average is currently 42.3. -- nm - Reagen Mar 16, 06:50
      - The supposedly richest and most powerful country in the history of the world, felled by a virus. Fitting. -- nm - JackDawson Mar 16, 06:49
    - And yet he still has support of ~45%. Insane. -- nm - Don Homer Mar 16, 06:42 1
      - There's a lot of rich and dumb people out there. - JaxSean Mar 16, 06:59
    - Agreed on all counts. I’m willing to give them benefit of doubt as a starting line— something like this is hard to anticipate and coordinating a respo - JackDawson Mar 16, 06:23 1
      - The feds have been awful. I've been unbelievably impressed with the state and local governments though. Their ability to adjust to this has been - pmb Mar 16, 07:23

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Looks like we will pay for the financial crisis folly economically after all— fed rates never recovered and now they’re zero. That tool is gone prob

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