RANT ALERT! So the fed dropped their interest rate to .25 per cent---that's POINT TWO FIVE

[Atticus]

per cent---1/4 of one per cent. And, the talking heads speculated about this being done to "calm the markets" (because, after all, that's what's really important).

Guess what? I am not an economist, but I instantly predicted that this would be seen as DESPERATION (a rate drop before it is agreed we are in recession announced on a SUNDAY?). As I type this, futures have gone off a cliff and are down 1,000 points.

If the PTB REALLY want to calm the markets, GET RID OF THE TRAITOROUS MANIAC FOULING THE WHITE HOUSE! This is only secondarily a financial crisis; it is,at its foundation, a national public health crisis that poses an existential threat to our nation and each of its citizens.

Why is the market so unsettled and negative? Thanks to the unbelievably arrogant incompetence of Donald Trump and his gang of thugs, thousands---tens or hundreds of thousands---perhaps millions--- of Americans are going to die. Those Amercans are employees, employers, business owners and CUSTOMERS who are being ripped from our economy over a few months. And the sonofabitch responsible for the enormity of the tragedy is not only STILL calling the shots, he is "joking" about never leaving! OF COURSE the markets are nervous as hell!

Get rid of Trump and give us leadership that gives a damn about us and most of us will survive. And, the damned market will recover.

This ain't rocket surgery, for cryin' out loud!

[exboyfil]

1. The fact that there was no push back from his own party

about brow beating the Fed in public has done lasting damage to its "independence".

[still_one]

2. The fed is just supplying liquidity, which good. However, they cannot stop the recession that is

being caused by a pandemic. That needs to be done by the government, and they have done a terrible job of it so far, which is why many states are instituting what the trump administration has failed to do, such as states and universities developing their own testing

[Hoyt]

3. trump has a lot to do with it, even globally. But every other country's markets are down too.

trump has proven himself an incompetent buffoon. But, this is more about lots of people dying, and -- to a much lesser degree -- the impact on peoples' jobs and life.

While I'd feel infinitely better with Obama still in office -- knowing he'd be doing what it best in circumstances -- markets would still be tanking.

[3Hotdogs]

4. Its simple: People ain't buying shit and they ain't gonna buy shit for a long while.

We are scared about where our next dollar is coming from. Will be still have our job next month. Our pension?

Do we want to risk going to a store for anything?