All he cares about is the stock market.

[Drahthaardogs]

This will help for a day, maybe four. It will crash again. He has played his hole card. It was a deuce!

[Squinch]

1. Seriously. What can he do after this? It isn't going to stop the crash.

[alwaysinasnit]

3. +1000

[Drahthaardogs]

4. Nope. And this doesn't help anyone either.

It's not like people aren't borrowing money because it's too expensive. When 5% of folks over sixty five are dead, how many homes will be vacant. Prices are going to drop, on everything!

[lapfog_1]

2. it will not help the stock market.

wall street people, no matter what else you think of them, are not stupid.

They understand how our economy works.

You need capital, means of production, and people to sell to.

All he did was to make capital cheap. Production and consumption are going to be very limited no matter how cheap money is.

[Drahthaardogs]

5. Exactly!

If a few percentage points of people are dead...

[Claustrum]

7. No one said he is doing it for "the people"

No one said he is doing it for "the people". He is doing this so he and his rich buddies can borrow at a very very cheap price so they have the money to buy all the bargains when the economic crash comes. He is clearly not doing it for "the people".

[lapfog_1]

8. yeah, that was my thought as well

make borrowed money cheap... wait for the crash, buy up everything in site... and when things recover you make bank and pay back the cheap loans for next to nothing.

[Windy City Charlie]

6. If

If they don't get this under control, there won't be a stock market to care about.

[JDC]

9. There is no mortgage warehouse inventory

I am trying to refi due to rates being so low, but guess what, due to lack of mortgage warehouse inventory $$, rates have been going up daily.

To the point a refi makes no sense.

Maybe this week it will open up.

[RockRaven]

10. He cares about the stock market change over the next news cycle. And yet that's what

he is continually fucking up. Every time he speaks he makes it worse than if he had said nothing. To date, every single time.

His bullshit and bravado are what are causing panic and meltdown (or, rather, significantly worsening it), because that's ALL HE'S GOT and everyone knows it. If he was bullshitting while everyone else was performing heroic feats of competence and effectiveness, it would be one thing.

But his bullshit is all there is (well, along with actively harmful counterproductive illogical policies imposed from the WH by ignoramuses upon federal departments and agencies contrary to their own experts' advice).