homeagain wrote: THEN WHY is Powell keeping ZERO interest rates for an extended period of time (years) and WHY has
he decided to steer a totally DIFFERENT COURSE for the economy? Because, it is REQUIRED. we
are fubared.
One reason to keep interest rates low? The US broke peacetime debt levels this week and it is expected to get worse in the next year. Keep interest rates low when you are borrowing like crazy. Don't you wish you had this ability to lower your interest rates after buying a mansion?
There will always be mixed messages in the economic numbers. NASDAQ and the S&P500 hit record levels and the blue chips are back to highs that they haven't seen since January. This is actually a mixed message, some companies are doing very well, like Apple and Tesla, but others are not, airlines, cruise companies.
Denver City government just furloughed many of the staff they use for concerts and events. They are furloughed to January, but the conventional wisdom right now believes we will not see big concerts until June of 2021, so many of these employees expect to be laid off in January.
Thomas Sowell: There are no solutions, just trade-offs.
