5 Dec 2024 7:10 am
The Fed kept interest rates artificially way too low since the Housing Crash back 2006/2008.walkingstick » 05 Dec 2024, 1:50 am » wrote: ↑ USA ECONOMY IN FREE FALL, FOR 73%. RICH GETTING RICHER. AS GLOOM AND DOOM CLOUDS FORM OVER USA.
At the same time the Federal $pending in Washington continued to increase year over year.
Even when the Republicans have complete power they still spend more money so in practice they merely only pay "lip-service" to National Debt and pay off their donors while in power.
Anyways the Deficit has grown so large nowadays the Fed & Treasury are in a position where they have to finance Wash/Dc reckless $pending and while for afew years after Covid19 got back to "Historical" Average Interest Rates of 5% we have to pay "Interest" on the National Debt therefore Jay Powell has been forced make two cuts and probaly one more before end of the year because our Interest on the the Debt alone are begining to approach a "Trillion" bucks annually