TSX:AX.PR.E - Post by User
Comment by
Torontojayon Nov 11, 2024 7:17pm
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Post# 36307438
RE:RE:things that make you say… hmmm
RE:RE:things that make you say… hmmm
tylerreddick wrote: The bond rates are rising because the market knows that the policies Trump is yapping about will push inflation higher again. The guy is an utter moron.
Biden/Harris kept pumping money/jobs into the economy which is inflationary. The Fed began lowering rates so the government can pay its bills not because they have curtailed spending. It's quite the opposite. Since the Fed reached peak rates in late July last year, the velocity of money has actually increased which is not what monetary tightening was intended to do.
The whole idea behind raising rates is to slow down excessive spending. Did the government reduce Social Security, Defense spending or Medicare while Biden was in charge? They didn't lower rates for the American people but rather so the government can save on interest payments on its $36 trillion debt load.