Yellen says U.S. economy 'source of strength' for others

So the US economy is strong enough to weather a rate hike, unlike all the other major economies, which are lowering rates. Where are all the anti-Obama critics who told us he would crash the economy, and that the 3 rounds of QE would set off "hyper inflation" and debase the dollar? LOL.

JeffLee, to answer your question : How long did it take for the US Housing bubble to hyperinflate and result in the Sub-Prime Mortgage Crisis that caused such a ruckus? Everything seemed fine. Until it wasn't. How does bankruptcy happen? Slowly at first, then suddenly.

So, the FED raised the rate a minuscule 0.25%. A baby step, with promises of possible future minuscule baby steps. Wait and see.

Alright, Frederic. Let's see and what happens in the remaining year of Obama's presidency, eh? If there's a 2008-style meltdown: you win. No such meltdown: I win.

Wait and see.

Everyone's been waiting to see for 8 years now. Well, no, not really. It seems only Republicans have been waiting while the US economy continues to grow stronger and stronger.

Is it at all possible for Republicans to say, "Hey, the Obama administration has shepherded the economy pretty well from where it was in 2008"? Is it really that hard to act like mature adults once in a while?

Here's a bitter pill to swallow for Republicans: As Clinton pointed out recently, the US economy does better under Democratic presidents than under Republican. Democrat-helmed economies have outperformed Republican ones over the past 67 years, and outperformed in virtually every indicator that matters except inflation. Obama is well on track to continuing that trend.

Interestingly, as jobs keep being created, unemployment continues to fall, and fed rates finally climb out of the cellar, all critics can do is bleat the same refrain about how "incompetent" the Obama administration is.

If this is what incompetence looks like, then I'll take it in a double dose, thank you very much.

As Clinton pointed out recently, the US economy does better under Democratic presidents than under Republican.

She was not joking.

If you look at the economic data and history, good economic policies have been introduced and implemented by the Democrat that saved country. My university professor in Economics who happens to be my mentor and I have been playing together in the market when the Democrats take over since 4 decades ago. When the Republicans takes over, we pulled the money out of the market. Well, we cannot complain, it has been very good.. Apparently, the Republicans are poor money managers.

. . . the Republicans are poor money managers.

Well, of course they are, at least insofar as promoting the common good is concerned. If anything, "fiscal conservatism" is predicated almost exclusively on unabashed selfishness and making certain all the wealth in the nation trickles upward to a very, very select minority.

I'm not American, but I find it amusing that America took 7 years to get off zero interest rates, and people are praising Obama's economic record.

If aliens came to planet earth and learnt of this, they could surely be forgiven for thinking he had the economic breaks on.

What policies has he enacted to help the economy, anyway? Can't say I know of any.

fxgaiDec. 18, 2015 - 09:07PM JST

I'm not American, but I find it amusing that America took 7 years to get off zero interest rates, and people are praising Obama's economic record.

FED did it very well unlike Japan with NO EXIT. Invest in other currencies. Good luck.

Fgai,

That you don't seem to understand the underlying principles for why interest rates were kept low in the first place suggests pretty strongly that economics are not your forte.

If you can't understand interest rates, then I doubt any other explanations are going to mean much to you.