Can someone give me the rundown for a brainlet like me?
Did the Fed just buy all these stocks?
Can someone give me the rundown for a brainlet like me?
Ethan Wood
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Lucas Hall
No they loaned 1.5 tril to banks so that they are solvent enough to withstand a bank run. As long as the banks have money, you have money.
William Garcia
this is correct
literally just google this shit guys
theatlantic.com
David Ramirez
Alright, I’m alittle confused. Bernie Sanders seems like he knows a lot about the fed and he was tweeting something about it
Brandon Collins
>he was tweeting something about it
this tells us nothing
link the tweet or you're just posting conjecture
Adam Thompson
Parker Baker
he's not wrong but he's not right either
it's a bit misleading on purpose because like Trump, Bernie is a populist. He's effective in his messaging to rally his base
The Federal Reserve is indeed coming up with 1.5T seemingly out of no where BUT as a loan, not just "spending" or "handing out"
Angel Butler
Repo markets have been on life support since September. Corporate debt is poised to trigger a cascade of major institutional defaults. Boomers, whose spending leveraged by Keynesian funny-money has been the lifeblood of economic growth, are about to retire. Fed has been trying to keep it all under wraps.
Then the Coronavirus appeared and began to shut down entire nations.
Markets, having expected more time to prepare, began to rush for cash ahead of the collapse.
The fed, desperate to give institutional investors more time to escape, spooled the printing presses into overdrive.
In anticipation, day traders closed profitable shorts, fooling boomers and galaxy-brains into thinking they were seeing genuine buy action. These goobers have since been "buying the dip", inadvertently covering institutions setting up their shorts.
...and now you're up to date.
The government could have printed to secure people's savings and then let the banks eat their lunch, but parliament and the media are PR for the central banking cartel so it was never going to happen.
...and don't you dare notice tribal affiliation.
Michael Gomez
plz explain to a brainlet what that last line is about.
Michael Flores
"the Jews did it"