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>There are two main reasons: First, trillions of dollars of stimulus money from the Fed and Congress come with an implicit guarantee that the government will li
by strict9 6y ago
>There are two main reasons: First, trillions of dollars of stimulus money from the Fed and Congress come with an implicit guarantee that the government will limit investors’ risk no matter how bad it gets.[1]
When more people learn details about how much the Fed is pumping to keep the stock market afloat, there may be a revolt.
Investors/retirement account holders can't continue as before with 30 million (and counting) out of work.
1. https://www.nytimes.com/2020/04/29/business/stock-markets.html https://www.nytimes.com/2020/04/29/business/stock-markets.ht...
- JamesBarney 6y agoWhy would they revolt?
- sundaeofshock 6y agoThey’ve lost their jobs and homes and can’t feed their families. Then they are told there is no help forthcoming from the government as they watch that same government point the money cannon at large corporations. Why wouldn’t they revolt?