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No idea how you get downvoted. Market has already sold off the gains from the stimulus. Lasted a few minutes. Not very well spent money IMO.
by daxfohl 7y ago
No idea how you get downvoted. Market has already sold off the gains from the stimulus. Lasted a few minutes. Not very well spent money IMO.
- chasd00 7y agoit's not a stimulus it's loans to prevent a liquidity crisis and the credit markets from freezing up. It was the credit markets in 2008 that nearly killed the world economy. They dwarf the stock market.
- daxfohl 7y agoStill, given the market was like Meh, seems like nobody thought it was very useful. That said, yeah I see how you are right. Lots of businesses run month to month. When they run out of cash they go bankrupt. Once enough companies do so, the economy takes much longer to recover.
- 6gvONxR4sf7o 7y agoMaybe keeping the market from doing something much worse than "meh" was the point, and this was a success?