Fed cuts half point in emergency move amid spreading virus
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Re: Fed cuts half point in emergency move amid spreading virus
#2Wish the coronavirus czar had the same urgency...
Re: Fed cuts half point in emergency move amid spreading virus
#3Bringing a fire truck to a bank robbery
Re: Fed cuts half point in emergency move amid spreading virus
#43-2-1, bull market returns. (I hope)
Re: Fed cuts half point in emergency move amid spreading virus
#5We're basically running out of tools to combat an actual financial crisis. https://www.investopedia.com/terms/l/liquiditytrap.asp
Re: Fed cuts half point in emergency move amid spreading virus
#6Bringing a fire truck to a bank robbery
Eh... maybe more like bringing a SWAT team to a brush fire.
Re: Fed cuts half point in emergency move amid spreading virus
#7We're basically running out of tools to combat an actual financial crisis. https://www.investopedia.com/terms/l/liquiditytrap.asp
Hey look on the bright side, we have another 100bps left in rates and then QE4.
After that, yeah then it gets tough, but then again, maybe we get some actual fiscal stimulus which maybe buys the US some China style infrastructure!
Re: Fed cuts half point in emergency move amid spreading virus
#8>The Fed also said in the statement that the “fundamentals of the U.S. economy remain strong.”
So why cut the rate? Doesn't make any sense.
Re: Fed cuts half point in emergency move amid spreading virus
#93-2-1, bull market returns. (I hope)
Why? Are you retired? Because if you aren't, if you're working and putting money into a retirement plan, you are much better off with a bear market, especially one like this that is practically guaranteed not to run for years. When you're a buyer you want prices to be low.
Re: Fed cuts half point in emergency move amid spreading virus
#10Bringing a fire truck to a bank robbery
Accurate assessment