I feel bad for hard working americans who are watching their investments and retirement savings go up in smoke.
Your president caused your investments and savings to vanish and now he's trying to fix it by getting Federal Reserve to lower the central bank interest rate which would raise stock and investment prices (temporarily). Trouble is though that if the Fed lowers interest rates, inflation will likely return meaning you have to start paying higher prices again for groceries, gas, homes etc.
Oh what a tangled web you americans are caught in. Hopefully, sanity will return and your politicians will focus on the people that voted them into power.
Until then, keep watching your wallet and savings. 🙁
@uzless saidIf private spending stops in the US then we'll see a US recession for sure. So it would be best for each individual to start saving but for the economy as a whole everyone cannot stop. I expect no help from the billionaires and Trump and his cabinet of co-conspirators and racketeers doesn't understand governance.
I feel bad for hard working americans who are watching their investments and retirement savings go up in smoke.
Your president caused your investments and savings to vanish and now he's trying to fix it by getting Federal Reserve to lower the central bank interest rate which would raise stock and investment prices (temporarily). Trouble is though that if the Fed lowers int ...[text shortened]... on the people that voted them into power.
Until then, keep watching your wallet and savings. 🙁
Of course, the recession will probably come from just the lack of global tourism and decrease in exports to Canada, the EU and China.
@Lundos saidyup, no one wants to buy things from the US anymore.
Of course, the recession will probably come from just the lack of global tourism and decrease in exports to Canada, the EU and China.
In Canada, we'd rather ship something from our east coast to the west coast (a 3 day journey) rather than ship it 2 hours south to the US.
Crazy times.