I was saying it BEFORE Trump was saying it. It had nothing to do with a recession possibility because I didn't think we were headed into a recession. What I didn't like was the fact that it subdued the real, organic growth we were experiencing.
The 'experts' were only calling for a recession because of where we were in the economic cycle. By rights, we *should* have been heading down. However, what they failed to take into account was the fact that the growth we had experienced the last administration after the recession was due to a huge taxpayer-paid government pump. Therefore, it was bought and paid for, pick winners and losers type of pseudo growth that cost us big time on the debt. Raising rates after our debt had just DOUBLED was always a bad idea.
Since TCJA, we have record revenues. Those revenues could be higher if we lowered rates. It's quite amazing we've gotten the stellar growth we have gotten with 8 increases in a couple of years! There is no inflationary pressure. We didn't need to raise rates to combat that. It wasn't there.
Lower rates would make our economy even stronger and our debt interest payments lower. The best way to tackle our trade problems is when we have a strong economy. We do now, but it could be even stronger with lowered rates.
That's why.
As to how it impacts BTC, IMO not enough people are in yet to make it the alternative investment or store of value it eventually will be. Right now, it's just for the speculators and players. That will change. We get closer everyday. But for now, what happens with the rest of the economy or rates has relatively little impact.
