61–70 of 367 posts
Nobody is asking anything about funds now. But so many seems to be angry about healthcare for all. A universal health care can survive this pandemic and also others. This is unbelievable
How much more effective would it be to put this purchasing power toward simply combating the virus? Probably a lot...
The Fed doesn't have that power though, nor should they. That's up to congress to decide
The fed is independent precisely so it can act fast in times like these. It's a limited scope but it's something, whereas the extremely partisan congress + Trump likely won't move as fast if at all.
Earlier quoted context omitted.
Not all dollars are created equally
Yea, dollars put into student loan forgiveness actually pay themselves off many times over due to the high velocity of cash in the hands in young people - money injected into the market has a comparatively low velocity and tends to just get exported overseas.
"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.
The Federal Reserve is not a government entity and has nothing to do with the budget, which is set by the US congress.
> The Federal Reserve System is an independent government institution that has private aspects. The System is not a private organization and does not operate for the purpose of making a profit.
From https://en.wikipedia.org/wiki/Structure_of_the_Federal_Reser...
What can a retail investor really do ? Is this even a free market. Cannot even do passive investing safely enough.
This is to help an otherwise very healthy US economy (low unemployment rate, solid gdp growth, income increases) from being taken down by an one time external, expiring event and panic that flows from it. What is the point not supporting crucial companies in the stock market? Are you really better off if target or chevron or Hilton goes under? And tons of people have no jobs and there no access to staples?
"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.
We have a fiat currency. The Government creates “money” whenever it pleases. The money is “Backed by the full faith and credit of the United States”. I completely agree that in the long term this is completely faulty and just helps to exacerbate the underlying causes of economic crisis. But our government (typically) does not act in long-term interests. We as a people do not hold our politicians accountable.
I'm pretty sure its treasury bonds that are "Backed by the full faith and credit of the United States". Dollars are backed essentially by what you can buy with them.
If you print $100 in your basement it is counterfeiting, punishable with 25 years in prison. If you print 1 trillion as a banker it is called" "a bold initiative to calm market tumult".
As the joke goes, a trillion here a trillion there and pretty soon you're talking about some real money! But in seriousness, the next week is a critical time in the world. I remember sitting in an airport when news of Lehman Brothers collapse was flashing on the TV screens. I'm reminded of that time. We learned later about how Hank Paulson got down on one knee and begged Nancy Pelosi to go along with is plan to save…
You say that like both parties are trying to deny testing and are refusing to provide the social safety net for workers to stay home when they're sick. This is very much not a "both sides" discussion. This is: the GOP needs to stop trying to pretend like nothing is wrong and actually DO SOMETHING to prevent this from becoming an even bigger disaster.
Ahh, the old cowardly downvote without comment because you don't like the reality of the situation that there is one party that's very much to blame.
https://thehill.com/homenews/senate/487258-senate-republican...
"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.
These are the companies you are actively shorting. Think about that. This isn’t the same as 2008.