3 ms·
I think what most people don't realize is that the pandemic is more of the pin that is popping the bubble. Remember the Fed was dropping rates all last year li
by david927 6y ago
I think what most people don't realize is that the pandemic is more of the pin that is popping the bubble. Remember the Fed was dropping rates all last year like a lead balloon and injecting liquidity in massive way last fall -- all before the virus.
If Covid-19 goes away overnight, I don't see the economy recovering and I think the Fed's actions have been catastrophic for the US dollar. They're literally hitching the country's solvency to the market to save it. Maybe it will work, sure, but were a bit in uncharted territory so I don't see where the confidence is coming from. And by doing this they have to be right; they're making it their hill to die on. If they're wrong, America will become a very different place.