Trump Calls Fed the Problem, But For the Wrong Reason

The artificial bull market is officially over, with the SPX officially entering bear market today. BTFD is dead. Worst single day drop ahead of Christmas since 1918! As the first bear market in years hits the most artificial stock market in history, President trump tweeted today :

Trump is right, the Fed is the problem, but not for raising rates. Trump and the MSM media are saying the Fed is making a policy mistake by raising rates as the economy slows, and more importantly because the stock market is selling off. The current FF rate is sitting between 2.25 and 2.5%, which historically is still low and accomodative. But Trump should have stuck to his campaign version of the Fed, when he called out the Fed for the bubble in stocks, and for keeping rates to low which led to what he called a "big fat ugly bubble." After his election, he embraced the stock market, and now he owns it.

The Fed is the problem because they cut rates to Zero and held it there for 7 years. The Fed is the problem for helping orchestrate the bailouts. The Fed is the problem because they did multiple rounds of QE which did NOTHING for the middle class and the average Americans, instead it made the rich richer and created the largest wealth inequality. The Fed is the problem because they waited too long to begin raising rates, which helped create the largest asset bubbles the world had ever seen.

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