Topic category: Fiscal Policy/Unsustainable Debt/Deficits
Stock Market Adjustment and the Fed
More worrisome is what the Fed will do with interest rates. These too are raised when the economy improves "to control inflation" (BS).
Raise them high enough and you get the Jimmy Carter Era with Fed Chairman Paul Volcker admitting raises in interest rates and taxes can bring about societal change. 17% mortgages and wiping out usury laws that occurred as Proposition 10 at the same time as California’s famous Prop 13 that cut property taxes – and made local communities dependent on the State and Federal governments. It certainly gave rise to no fault divorce, the Feminist Movement, the breakdown of families because women were FORCED into the workplace - causing kids being raised in day care centers just as Hillary was taught as a student at Wellesley.
We've been paying for it ever since to the point where the Black Caucus can't even applaud the lowest black unemployment rate in history - Loss of dependency on Government that is their stock in trade - or Planned Parenthood wants to give hormone shots to help transgenders while selling aborted baby parts.
Trump's actions have opened the door to more money circulating more times in the economy. The Fed better be careful not to screw that up as they have in the past.
Gerald V. Todd
Biography - Gerald V. Todd
Jerry is a retired engineer with strong experience in environmental innovation which he still applies today with 2 clean water and energy saving technologies. His life avocation in writing and study of philosophical and biblical themes as they apply to the body politic's spiritual warfare. He survived stage 4 Non-Hodgkin’s Lymphoma in 2006; now in excellent health. A graduate of the University of Illinois (1958, Industrial Engineering), Jerry had post graduate studies at both the University of San Francisco and the University of Santa Clara in California between 1961 and 1963 (Logic, Marketing). As co Founder and seminar presenter he was awarded a Ph.D. in Philosophy at Valley Christian University operating under California private-post secondary statutes for mid career student, VCU was the pioneer external degree school for mid career students. Its course structures were picked up by several well known Christian colleges. Hosted local broadcast radio and TV shows, "Religion on the Line" and "The News Firm" (jointly with wife, Joanne), respectively. Jerry has published several books that are available at Amazon. Jerry is available to speak as a visiting lecturer at the high school, college or community organization level. Jerry is married 55 years to Joanne Dean Todd – 3 children, 8 grandchildren.