Here is a chart in a wealth management newsletter I saw today that focuses on low interest rates and investor response.

It shows the fed rate moves over the last 15 years or so.

Then I noticed something that should give our Republican Party reason to pause:

The red box roughly shows the second term of the Bush presidency, the green the entire eight years under Obama and the purple is Trump.

Doesn’t it look like Republican presidents drive up interest rates until some breaking point happens and it all comes crashing down? While under Obama, the rates were reasonably low and steady as a rock?

We put a lot of blame on Obama for the “Obama recovery” being not fast enough. That may be true, but the Obama recovery had to recover from a Bush calamity, and it was steady, stable and without financial turmoil.

Now we’re in uncharted territory since interest rates are so low, nobody can make money by saving. At 1% interest, if you can get it, it takes 70 years to double your money. And while that is going on, the stock market is surprisingly high. I don’t trust it, and I don’t trust that investors know what is going on right now. Clearly, the stock market is making the investor class rich, but it’s not helping the millions of unemployed citizens who now cannot make ends meet.

I don’t trust the market now.

I don’t know about you, but I don’t have 70 years left.