Federal Reserve slashes interest rate to near zero, launches $700 billion QE program
- Thread starter ugk
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The sky has fallen. I seriously don't want to witness life at 9 30 am EST.
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If this is true then it’s going to be a free-fall tomorrow
Yep that $700 billion they want to spend/invest = $2 thousand dollars for 350 million people. They would do better to double that and write checks to every individual person in the US ... even those immigrants who are legally or illegally here. People are going to immediately spend that money, corporations are going to immediately invest that money in the markets, and that will just make the bubbles grow bigger before they burst again.
Yaaaannnnngggg
We could only hope they were that bold! Yang was talking about doing it monthly for the people, the Fed is only talking about doing it this one time and only for the business sector. The Fed and Trump should actually be thinking more like Yang but Republicans care too much for Capitalism to give a damn about the people.
We've never been to zero percent. Negative interest is coming.
Exactly what is negative interest?
They aren't even talking about what may become a problem that could shut everything down in the coming weeks. Container ship crews are getting sick and the next thing will be the port/dock workers who have to board those ships to load/unload those container ships. They in turn will get sick and the docks/ports may have to shut down.
Is this giving money or points back or something?
Negative interest rates are designed to combat deflation by encouraging people and businesses to borrow and spend money. Since this method has been implemented only a few times in the past, in very different circumstances, their effects are difficult to quantify.
What do negative interest rates mean for mortgages?
Negative interest rates effectively mean that a bank pays a borrower to take money off their hands, so they pay back less than they have been loaned
I'm in the maritime industry so yeah it's spelled out on the gcaptain website. For now, I'm Dept of Def. Contract for now. I think the research vessels are fucked.
The containers may take weeks to arrive. The crew has barely 12 persons at times. The fear comes from its trips. Offloading/ on loading doesn't take much contact but refueling does.
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I was locked in at 3.3%...he got to go lower 1st thing in the AM
The government is recognizing the private sector during the crisis. No you did not land on the moon, government contractors landed on the moon that were well paid.
These politicians and bureaucrats who try to mimic and steal from us are being humbled. I would like to help out more but after the last fiasco, I am not doing shit. What little I have provided they have implemented immediately without credit.
I am getting pounded with surveillance trying to steal. Where is the blue and white ford cars at now?
These politicians and bureaucrats who try to mimic and steal from us are being humbled. I would like to help out more but after the last fiasco, I am not doing shit. What little I have provided they have implemented immediately without credit.
I am getting pounded with surveillance trying to steal. Where is the blue and white ford cars at now?
Negative interest rates will probably be the greatest coup of Trump's presidency
I don't think companies with cash flow are going to be reinvesting it anytime soon. I believe they'll bank, sit on it until the outlook improves.
cheap to borrow money- rates will fall
expensive to save money- banks will charge you to keep your money
it kind of forces people to spend and invest
rather than save
Republicans dont care anything about capitalism. As a matter of fact, capitalism has been gone. They care about Corporatism.....
Just like the banks did when they got bailed out. Government is stupid and weak. They will help the rich all day but do nothing for the people. And the people are even more stupid. The blind leading the blind.........
This just means our economy ain't shit.
he did this to save his ass.
But it won't help.
the damage is already done.
he did this to save his ass.
But it won't help.
the damage is already done.
Mnuchin says Trump administration not pushing bailouts as he seeks to calm economic anxieties on Fox News Sunday
Mnuchin says Trump administration not pushing bailouts as he seeks to calm economic anxieties on Fox News Sunday
Mnuchin said made a distinction between bailing out bad businesses and the government helping good businesses disproportionately affected by the coronavirus.
Of course hes not. There is nothing to bail out yet...Mnuchin says Trump administration not pushing bailouts as he seeks to calm economic anxieties on Fox News Sunday
Mnuchin says Trump administration not pushing bailouts as he seeks to calm economic anxieties on Fox News Sunday
Mnuchin said made a distinction between bailing out bad businesses and the government helping good businesses disproportionately affected by the coronavirus.www.foxnews.com
The Fed is buying back debt, with all businesses closing, which you'll soon hear, they will all be hit hard, they can't borrow from the banks who will be looking to the Fed, already down so far with QE. You'll see them buy up more even after this round of $700B.
Watch what happens.
In 72 hrs whole country will be quarantined.
All air traffic will be grounded for 2 weeks.
This is not like 2008, and we will not be in the same predicament. No doom and gloom. One of the greatest shifts of power is happening.
That's how you play the game. Remember in spike Lee's movie inside man. The old white man said when there is blood in the streets you buy. It happens this happens all the time...........
same thing we been saying ...aint it funny & sad at once ,?
yeah i saw that ! something huge is about to drop!
i want to believe it but that twitter user looks like a TRUMPER! and anything a trumper posts in times like this is almost always a lie !! to make trump look good
So, if banks do this and can’t make profits , should we expect the collapse of many banks ?
Probably not a good idea to cut the interest rates again (I would have thought that Jerome Powell would have learned from what happened on March 3, 2020). Well, this is what the President wanted so we will see how this will "Make America Great Again?"
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