I agree with Trump on most things, but not on this. Credit was too cheap and thus was leverage too cheap, and if not checked would have exacerbated a climate for a financial collapse The FED is doing a good job, and the stock market needs a correction as its not 1:1 correlated right now with the American economy, but is a reflection of cheap leverage and buy-back programs. I don't see the FED raising rates again until they see a raise in wages, which looks like might be the case later in 2019. But to refer to history, almost every major economic issue this country has, including the great depression, has started with inflation ran unchecked; whether if it was from taser rates, a massive cash injection into the economy, not raising rates as inflation happen, or some combination of them. Of course other issues usually become the catalyst, but monetary policy usually sets the stage.
: )))) ROTFL
Yeap, some sick greedy blunt average business people want it all BIG!
You can't pretend you're a big leader if you don't posses big building, big chair, big business, big money, big world position, big atomic button...
So it never occured to his mind that a weak dollar could serve him better for his "great American" project! : )))
But no problem, illiterate ambitious people learn economics on the way... : )))
They don't need brain. They only need ambition.
Hahaha ...his bubble is coming to an end and of course, he's gonna do what he does best. He's gonna blame someone else. Always looking for a scapegoat. Maybe inflation to him is not a problem cause he's rich but what about the little guy. Has he looked at the oil prices lately? And those tariffs making everything so much more expensive. You can't have it both ways Mr. but who can manage to get that thru your metal skull.
The fed is not crazy, they understand that this is getting out of hand. The party is coming to an end.
Cheap money is great for big loan purchasers like Trump who need millions of low interest loans to build skyscrapers, but it screws over the average American who can't even put their money into savings anymore and expect it to grow. Ridiculous.