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Because capital is free right now just not to people and companies who don't already have a lot of it. Fed is spraying cash all over the country clubs and gate
by one2know 6y ago
Because capital is free right now just not to people and companies who don't already have a lot of it. Fed is spraying cash all over the country clubs and gated communities. Where are they going to put it? Highly visible stocks of large companies.
- Serious_Cheese 6y ago> Fed is spraying cash all over the country clubs and gated communities Can you please elaborate on this? How exactly is this happening? Why specifically country clubs and gated communities?
- whyhow 6y agoHe doesn't literally mean country clubs. He is saying that the fed's current policies allow rich corporations (controlled by rich people) to get loans at very low interest rates.
- one2know 6y agoHere is a rundown of what the fed is doing: Securities purchases - still buying mortgage backed securities (is it 2008?) Lots of lending and backstopping so rich don't lose. https://www.brookings.edu/research/fed-response-to-covid19/ https://www.brookings.edu/research/fed-response-to-covid19/ In some cases the majority of stimulus went to millionaires and big business.