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My point holds. The details underlie that it’s an even weaker effort. I said “by dropping 1.5T into the market the fed hoped the financial system would increase
by ianai 7y ago
My point holds. The details underlie that it’s an even weaker effort. I said “by dropping 1.5T into the market the fed hoped the financial system would increase circulation enough to stimulate transactions (...) instead companies bought back stock or otherwise didn’t stimulate trade.”
The details only serve your point in so far as they muddy the waters. My point holds. The fundamental problem is that people must socially distance to flatten the curve.
That’s having all sorts of ripple effects as people are being laid off due to the crashing of demand for their services. So now whole swaths of people are facing hardships leading to missing home and rent payments.
For instance MGM:
https://www.fox5vegas.com/coronavirus/mgm-resorts-announces-layoffs-closures-several-employees-with-coronavirus/article_3c2b555c-6568-11ea-96cc-43d1f76ae752.amp.html https://www.fox5vegas.com/coronavirus/mgm-resorts-announces-...