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Even before the 1.5T, the fed has been pumping imaginary money, especially to the repo market hoping they'd get it back. I disagree that this isn't the biggest
by axaxs 7y ago
Even before the 1.5T, the fed has been pumping imaginary money, especially to the repo market hoping they'd get it back.
I disagree that this isn't the biggest recessionary event. Never in my lifetime, or even my parents, has EVERYTHING shut down at the same time. This is economically bad. We're promising to help the affected industries, which is more cash printing. The USG cannot support the entire economy for months. Either the market or the government has to break, and I feel it's gonna be the former.
- yingw787 7y agoDude...don't jinx us man... On a serious note, there are many, many things we're doing well on that might change, the financial aspect is only one of them. If we're doing bad, we could be doing so, so, so, so much worse. I can't stress that enough.