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The Fed is printing money. Err.. I mean, according to them, they are expanding the pool of money available, by buying out the junk bonds issued by corporate Am
by blackrock 6y ago
The Fed is printing money.
Err.. I mean, according to them, they are expanding the pool of money available, by buying out the junk bonds issued by corporate America. The same bonds from the cheap loans that they took out at super low interest rates, in order to buy back their shares, thus increasing their stock value, and enabling them to give millions of dollars in bonuses to their executives. While everyone else, gets an unpaid furloughed vacation and unemployment.
- zaroth 6y agoThe Fed Reserve balance sheet is up about $2 trillion dollars due to COVID policy. The Treasury has also spent about $2 trillion on jobs programs. About 70% of people on unemployment are currently getting more money than they were earning while working.