said Wednesday the stock market is getting a boost from a combination of easy monetary policy in the U.S. and lower taxes.Squawk Box
." "We've got a 5% budget deficit coupled with the lowest real rates that you can image with the economy at full employment. That's the most unorthodox, and potentially explosive, combination that you can imagine. It's like the photo negative of 1930, when we had the last trade war, but you had tight fiscal and tight monetary policy. Now we have the exact opposite."
The Federal Reserve has cut rates three times this year, including last month. Fed Chairman Jerome Powell, who is scheduled to testify in front of Congress at 11 a.m. ET, raised the bar for further rate cuts at last month's meeting, but suggested that rate hikes were unlikely in the near future. The Fed's easing measures followed four rate hikes in 2018, the last of which contributed to a massive correction last December. This reversal helped pave the way for a record run for stocks. Jones believes the rate cuts have made up for any damage from the trade war.
Cheers to continued growth
Right up until the Millenials figure out they are going to pay for it.
LOL it's ALREADY in 'record territory'
And if that combination doesn't push it into record territory the Fed will juice it some more. Does the moron actually think no one knows he's a welfare queen.
taxes have been lower for 2 years and the market is flat since 2017
ZIRP Now
Ask him what he thinks about the skyrocketing deficit, and the billionaire tax scam that created it. Ponzi scheme. And he’s in on it.
The Big melt up ..
An explosive combination of Fake Money and Tax Evasion by the rich that will be followed by a StockMarket implosion caused by the Fake Value, and the Greedy Leveraged Risks.
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No Schitz.....It Already Has! He Also Knows That He And The Rest Of The .01% Can’t Easily/Reliably Get Out Of “PAPER ASSETS”Pumped Up By Said Policies Without Giving Back 30-50% In The Form Of Lower Prices! He Knows Very Well That The Charade Must Go On...Or Else!
Lmao!😂 the bull is drunk! Wait for sobriety! It’s gonna really suck! Oh happy days are here again! 😂
What goes up must come down
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Source: CNBC - 🏆 12. / 72 Read more »
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