Fed injecting $1.5 trillion into bond markets; U.S. stocks dive after Trump issues coronavirus trave
Source: Washington Post
The Federal Reserve took the highly unusual step of injecting more money into the bond market Thursday to ensure the financial system remains stable. The New York Fed will pump $1.5 trillion into the short-term lending markets that banks use to lend to each other on Thursday and Friday.
Read more: https://www.washingtonpost.com/business/2020/03/12/markets-live-updates-coronavirus-economy/
Socialism!
underpants
(182,585 posts)Mike 03
(16,616 posts)and now it's tumbling again.
djacq
(1,633 posts)Javaman
(62,497 posts)we are so fucking far down the hole we are never getting out.
Well said.
IronLionZion
(45,380 posts)so not Trump's problem
CountAllVotes
(20,863 posts)Now its back to dropping like a hot rock.
The Fed shot the wad. There are no "tools" left to work with that are any good!
Cosmocat
(14,558 posts)Chart at the end of the article - all the big blowouts have come under R potus who pushed things too far with tax cuts and the fed over played its hand prior to the blowout trying to keep the market moving up for the R potus.
WHY
THIS
COUNTRY
LETS
RS
DO
THIS
IS
BEYOND
ME
Response to CountAllVotes (Reply #5)
Javaman This message was self-deleted by its author.
mahatmakanejeeves
(57,283 posts)keithbvadu2
(36,640 posts)hot2na
(356 posts)The economy was not soaring 2 months ago because of trump. it was soaring in spite of trump. The Obama/Biden economic recovery was so resilient that it lasted 3 years into the trump presidency, before Trump could f**k it up.
Cognitive_Resonance
(1,546 posts)yaesu
(8,020 posts)Kashkakat v.2.0
(1,752 posts)highs and lows - buy low, and sell high? Isnt that how the game is played?
A market where there are no lows, only higher and higher highs - wow, what a concept.
Well maybe that's what we get with an amphetamine addict as president.
yaesu
(8,020 posts)people this time by Congress passing emergency legislation including Federal emergency unemployment insurance soon to provide relief to the millions who's jobs will be effected.
Javaman
(62,497 posts)aggiesal
(8,906 posts)that the FED injected during the housing meltdown?
$700 Billion dollar bailout in 2008
https://www.thebalance.com/what-was-the-bank-bailout-bill-3305675
How bad does this look?