Well, let's pack it in. This has bad news written all over it. ZIRP will not do anyone anything good. We're about to enter a period like Japan if we can't get this shit under control. It looks like the issues from 2008 that weren't fixed will be coming home to roost.
No shit. Not going to lie here, but this has political retribution written all over it. By going to Zero on a Sunday 3 Days before the next Fed BoG Meeting, Powell is giving the middle finger to Trump. This was done to cause Maximum Pain. It's not going to look good for the next few days. Don't get me wrong, the more I think about it, the more it seems like this is going to be a backdoor means of getting more dollars out on all the swap lines the Fed has outstanding, but we're talking tanking the equity markets with them.
So basically, what, we actually never had a real recovery since '08? Basically lets shovel money up to the front door while the smart/elite money sneak out the back?
I for one welcome the market to go lower, but I also want to not become Zimbabwe.
I don't think this will help. Negative interest rates are to help spur lending / spending but in this case with COVID 19 shutting everything down / people being quarantined, there is nothing to spend or borrow money for.
There has to be a shut down of the markets similar to post 9/11
Few players recall big pots they have won, strange as it seems, but every player can remember with remarkable accuracy the outstanding tough beats of his career.
Not to say whether I agree or not with it, but what's your rationale for this? Why should the government shut down the markets? How long should it be shut down for? Just curious.
Rates are not the issue and therefore lowering them will not likely help. Cutting them might send a message that the FED is very worried about the economy, though.
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Pretty wild. If this doesn't lead to a rally next week, could be bad news. Fed running out of ammo to combat this.
us futures trading already hit circuit breaker almost immediatley upon the release of the news
Wow. Gonna be another wild week.
Well, let's pack it in. This has bad news written all over it. ZIRP will not do anyone anything good. We're about to enter a period like Japan if we can't get this shit under control. It looks like the issues from 2008 that weren't fixed will be coming home to roost.
Does not look like pre-market trading is reacting favorably.
Trump telling people not to panic today is going to cause more panic
No shit. Not going to lie here, but this has political retribution written all over it. By going to Zero on a Sunday 3 Days before the next Fed BoG Meeting, Powell is giving the middle finger to Trump. This was done to cause Maximum Pain. It's not going to look good for the next few days. Don't get me wrong, the more I think about it, the more it seems like this is going to be a backdoor means of getting more dollars out on all the swap lines the Fed has outstanding, but we're talking tanking the equity markets with them.
So basically, what, we actually never had a real recovery since '08? Basically lets shovel money up to the front door while the smart/elite money sneak out the back?
I for one welcome the market to go lower, but I also want to not become Zimbabwe.
How much more can the fed do now lol
Negative interest rate...possibly...
I don't think this will help. Negative interest rates are to help spur lending / spending but in this case with COVID 19 shutting everything down / people being quarantined, there is nothing to spend or borrow money for.
There has to be a shut down of the markets similar to post 9/11
Not to say whether I agree or not with it, but what's your rationale for this? Why should the government shut down the markets? How long should it be shut down for? Just curious.
Just because the market isn't going your way?
Meanwhile, Biden and Pence look like the most presidential people in the country.
![https://www.memesmonkey.com/images/memesmonkey/c1/c11bb353e638bfb2b41a3…]
[https://www.memesmonkey.com/images/memesmonkey/c1/c11bb353e638bfb2b41a3… https://www.memesmonkey.com/images/memesmonkey/c1/c11bb353e638bfb2b41a3…
Holy s*** Monopoly predicted the federal reserve
What is the equivalent of flipping the board over because you are losing and don't want to play anymore?
I think the Weimar Republic tried that once and they elected an angry little man as a result.
Rates are not the issue and therefore lowering them will not likely help. Cutting them might send a message that the FED is very worried about the economy, though.
Enim qui commodi eligendi reprehenderit sit error. Id molestias deserunt omnis in. Eligendi non dignissimos omnis.
Repellendus voluptas hic esse ea illo quas itaque ratione. Magnam excepturi consectetur et quia. Ullam esse expedita et omnis. Necessitatibus nesciunt voluptatem doloremque tempore autem quos.
Temporibus dolor excepturi distinctio est. Iste et ad ea quia eius rerum. Recusandae ut rerum doloribus aliquid vel asperiores illum. Optio consequatur libero maxime accusantium deserunt.
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