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"inject 1.5t" by that do they mean a 1.5t panic bailout for wall street? how can we find 1.5t in the budget but no money for universal healthcare, student loan forgiveness, ubi etc. The markets wouldn't be so important if there were a safety net.
"inject 1.5t" by that do they mean a 1.5t panic bailout for wall street? how can we find 1.5t in the budget but no money for universal healthcare, student loan forgiveness, ubi etc. The markets wouldn't be so important if there were a safety net.
Yet another bailout for wall street. Why couldn't these investors stop buying starbucks every day and save up like the rest of us?
"inject 1.5t" by that do they mean a 1.5t panic bailout for wall street? how can we find 1.5t in the budget but no money for universal healthcare, student loan forgiveness, ubi etc. The markets wouldn't be so important if there were a safety net.
Not all dollars are created equally
That smells a lot like panic move and I am not sure it will move the needle much. Economy will severly shrink no matter what Fed do.
There's massive efforts in several countries to develop or adapt vaccines to covid-19: Israel, Maryland, and Texas companies all have candidates ready for human testing, or about to be ready. It's likely that in about six months there will be one or more vaccines well into human testing or perhaps even fast-tracked into the market, at least for vulnerable populations, and the panic will die down.
https://www.investopedia.com/terms/p/plunge-protection-team....
Yet another bailout for wall street. Why couldn't these investors stop buying starbucks every day and save up like the rest of us?
This is not a wall Street bail out. This is a main Street bail out. Every American's life savings is in the stock market... Don't conflate the two please.
"inject 1.5t" by that do they mean a 1.5t panic bailout for wall street? how can we find 1.5t in the budget but no money for universal healthcare, student loan forgiveness, ubi etc. The markets wouldn't be so important if there were a safety net.
Often this type of action is not the government spending that level of money with nothing in return. Generally it is buying an asset it intends to sell later (often at a profit).