4 ms·
It didn't because the US Government printed trillions of dollars: https://tradingeconomics.com/united-states/money-supply-m0 https://tradingeconomics.com/unite
by Factorium 5y ago
It didn't because the US Government printed trillions of dollars:
https://tradingeconomics.com/united-states/money-supply-m0 https://tradingeconomics.com/united-states/money-supply-m0
There are a lot of people who have benefitted enormously from the economy/stock market crashing, then being resuscitated by this unprecedented money injection:
https://www.yahoo.com/news/fed-vice-chair-traded-stocks-152738020.html https://www.yahoo.com/news/fed-vice-chair-traded-stocks-1527...
https://fortune.com/2021/07/08/house-speaker-nancy-pelosi-husband-paul-big-tech-stocks/ https://fortune.com/2021/07/08/house-speaker-nancy-pelosi-hu...
Politicians and bureaucrats should have planned with industry ahead of time and notified them that the COVID impact would be cushioned by huge financial stimulus. But why do that if you as an individual bureaucrat or politician can make millions by trading on that insider knowledge?
Its unfair to blame suppliers when there has been Government conspiracy against them.