RFK in, Tusli in, Kash in.
I haven't been this optimistic about the country since Obama was elected. That turned out to be a huge disaster, so hopefully my judgement now is better informed.
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I dunno, he wants to lower interest rates, which will do the opposite of pop it
Honestly I wish they would just pick an interest rate and just leave it there. Or better, just get off this stupid system of government controlled currency supply, and let the interest rates be decided in the market
Hmmm. There is a counter theory. Many people won't sell homes because they have a low rate now and don't want to get a new house with a higher interest rate. If they suddenly dropped, a lot of people wouldn't feel trapped and would sell. This sudden sell off would lower prices and the floor would fall out until sanity was met.
Definitely I think something like that short term is plausible. But low interest rates do mean people can afford to borrow more and keep pumping up price so I think it will pump up asset prices in the long run. leads to inflation as well since businesses will borrow more money and a lot more money is introduced into the economy.