Tue, 17 May 2016
The economy showed GDP growth of 0.5% in the first quarter of 2016, that’s down from 1.4% growth in the last quarter. Our economy is almost technically in a recession and what is the FED to do? Lower interest rates? QE4? Our economy is not recovering and is in fact getting worse! Business investment hasn’t grown for the last 2 years! And to top it off, we haven’t seen above 3% growth any year during Obama’s presidency! This hasn’t been seen in modern times! The Keynesian view of pumping money into the system and spending money isn’t working and has never worked! When will the government and Federal Reserve actually do the right thing and step out of the way and reduce taxes and deregulate the economy? Well, with Donald Trump or Hilary Clinton as president, I don’t see that happening anytime soon.