Off-Topic: If the economy is so great why no rate increase?
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Name:
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MartiniMan
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Subject:
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If the economy is so great why no rate increase?
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Date:
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9/20/2015 7:30:51 AM
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The thinking at the Fed was that supposedly they wanted to raise rates now so that when the next recession comes they will have some tools in their toolbox to stimulate. Apparently things are so bad here and abroad that they are afraid the rate change will trigger a slowdown. I recognize that there are some positive signs in the economy and am glad for them. But I am also able to recognize the signs that are not positive unlike left wing nuts. They will fixate on one positive aspect and ignore twenty negatives. Such is the life of the intellectually stunted.
But the fact remains that were the economy in better shape after being an incredible seven years into a so called recovery they could and would have raised rates but chose not to. I understand why. Others blinded by their ideology and refusal to face the reality of failed economic policies would not ever understand anything. Economic illiteracy is an ugly thing and left wing nuts have it in droves. There is no other explanation for them trying the same failed policies, getting the same lousy results and then holding onto to that ideology.
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