2 ms·
>It's hard to imagine recession come when everyone expects it. Especially when those in power are doing everything they can to prevent it. The Federal reserve
by ra1n85 7y ago
>It's hard to imagine recession come when everyone expects it.
Especially when those in power are doing everything they can to prevent it. The Federal reserve has a trading floor and participates as a proxy for the government in the markets. There is also the rumored Plunge Protection Team. We actually have markets pricing in the likelihood of further quantitative easing 11 years after it was first done to address a prior crash. And for it all, we have only really accomplished concentrating wealth and increasing income inequality.
None of the above really appears sound. I expect things to change, mainly because I think the above cannot continue indefinitely.
- deleted 7y ago[deleted]