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> I have full faith in the US government to pull out all the stops to make sure equity prices of publicly traded companies remains stable and increasing, and co
by andrekandre 5y ago
> I have full faith in the US government to pull out all the stops to make sure equity prices of publicly traded companies remains stable and increasing, and continuously lowering the purchasing power of the USD if need be.
i don't know why, but this doesn't seem like a good idea to me...?
- candiddevmike 5y agoMaybe because it causes regular recessions, zombie companies, no hope for addressing climate change, and morally bankrupt megacorps...
- lotsofpulp 5y agoWhich part? Me assuming political leaders will sacrifice purchasing power to prop up asset prices, or the government propping up asset prices? If the latter, then whether or not it is a good or bad idea depends if you are a beneficiary (typically older) or loser (typically younger).
- andrekandre 5y agothe latter, and yes, i guess im a "loser"...
- zeckalpha 5y agoBecause their main lever to do so is the federal reserve target rate and they are moving in the opposite direction.