Trump is doing a good job at keeping the Yankee in line, lmao.

This is a classic tactic of Republican politicians in the United States. They do something blatantly performative and dramatic, such as demanding that the Fed lower the interest rate. This, coupled with other, similar tactics, does make it appear as though the economy is improving, but it only serves to work in the short run. For perhaps six months to a year, or even two years if they are fortunate, prices on everyday items average Americans purchase will be lowered. But then the long-term negative consequences are felt.

For that reason, this is a common tactic practiced by lame duck presidents such as Mr. Trump. They inherit an economy which is just beginning to recover from the last Republican president, thanks to the efforts of the previous Democrat president. They lower interest rates, decrease taxes on the rich, and for a short time, everything seems to be going better. Then a Democrat takes office, just as the temporary bubble bursts.

This is why they love the poorly educated.

I wonder how DT feels about his new Chosen One upping the rates?

Oh good, I can hardly wait! Real estate values should plummet in the US before we know it when mortgage holders cannot afford to renew their mortgage.

So homeowners will do the usual American thing and simply drop off the keys on their bank manager's desk and then walk away from their 5% downpayment to then go look for suitable rental accommodation.

Now the bank owns a house that nobody lives in and now the bank has to have a fire sale to clear that house from their books because after all, banks are not in the real estate business, they're in the lending business.

Question is, why would I want to live anywhere in the USA, even if the bank paid me to take it off their hands? I guess being given a free house by a desperate bank manager isn't such a hot deal after all.

Aaaaaaand the predatory lending continues .