Why Trump's Economy Is About To Crash
The Federal Reserve just screwed us over… Cenk Uygur and Ana Kasparian, host of The Young Turks, break it down. To get even more TYT in your life, go to ...
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IF YOU WATCH MAINSTREAM MEDIA YOU WOULD BE UNDER THE IMPRESSION THAT THE ECONOMY IS DOING INCREDIBLY WELL. AMERICANS ARE SUPER PROSPEROUS, THEY HAVE A TON OF MONEY. LOOK AT THE STOCK MARKET, THE NUMBERS SPEAK FOR THEMSELVES, STOCK PRICES ARE UP, BUT THE REALITY IS PEOPLE ARE DEALING WITH MORE DEBT TODAY THAN THEY DID AT THE HEIGHT OF THE ECONOMIC CRASH IN 2008, AND WAGES REMAIN STAGNANT SO THE FED HAS BEEN LOOKING INTO THESE NUMBERS BECAUSE THEY ARE CONSIDERING INCREASING INTEREST RATES AND INTEREST RATES HAVE BEEN LOW SINCE THE RECESSION AND WHEN THEY RAISE INTEREST RATES IT IS DONE IN ARE NEVER TO RESPOND TO AN OVERHEATED MARKET SO INFLATION, FOR INSTANCE. THEY WANT TO MAKE SURE INFLATION DOESN'T GET OUT OF HAND BUT IF THEY DO INCREASE THE INTEREST RATES, A LOT OF AMERICANS WHO HA...
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IF YOU WATCH MAINSTREAM MEDIA YOU WOULD BE UNDER THE IMPRESSION THAT THE ECONOMY IS DOING INCREDIBLY WELL. AMERICANS ARE SUPER PROSPEROUS, THEY HAVE A TON OF MONEY. LOOK AT THE STOCK MARKET, THE NUMBERS SPEAK FOR THEMSELVES, STOCK PRICES ARE UP, BUT THE REALITY IS PEOPLE ARE DEALING WITH MORE DEBT TODAY THAN THEY DID AT THE HEIGHT OF THE ECONOMIC CRASH IN 2008, AND WAGES REMAIN STAGNANT SO THE FED HAS BEEN LOOKING INTO THESE NUMBERS BECAUSE THEY ARE CONSIDERING INCREASING INTEREST RATES AND INTEREST RATES HAVE BEEN LOW SINCE THE RECESSION AND WHEN THEY RAISE INTEREST RATES IT IS DONE IN ARE NEVER TO RESPOND TO AN OVERHEATED MARKET SO INFLATION, FOR INSTANCE. THEY WANT TO MAKE SURE INFLATION DOESN'T GET OUT OF HAND BUT IF THEY DO INCREASE THE INTEREST RATES, A LOT OF AMERICANS WHO HA...
