Recession - Depression Talk

Fed to Inject $1.5 Trillion in Bid to Prevent ‘Unusual Disruptions’ in Markets
https://www.wsj.com/articles/fed-to-inject-1-5-trillion-in-bid-to-prevent-unusual-disruptions-in-markets-11584033537

Just another way to postpone the inevitable.


...and make it worse by adding to the debts incurred.

I got this off of Twitter. May or may not be true, but it seems par for the course.

The fed govt spent $1.5 trillion to boost the stock market. The boost lasted for 15 minutes only to crash again. $1.5 trillion was wasted in 15 minutes

That sounds about right.

In other news, the markets are tanking worldwide. Just about all the gains here in the US has been wiped out in the past month.

As the COVID-19 situation goes on, it will get much worse.
New York is banning gatherings of more than 500 people. Apparently this is shutting down Broadway shows. Big bucks there, same as with all the sports events and the possible canceling of the Olympics this summer.


I hope they don't try sugar coating it as a recession like the last couple of times. Just tell us straight out that we're headed into a full blown depression.

I don't know how deep this is going to go. I would feel better if the nations had educated intelligent leaders.

https://www.politico.com/news/2020/03/12/trump-coronavirus-economy-127679

And this
https://slate.com/business/2020/03/federal-reserve-bond-market-wall-street-trillion.html?fbclid=IwAR3-WPo54Uiys75mXo9HaL0jxIdAsTcC63Ack464aCtT2Pop1xn0TCNuRPk

Has anyone heard Trump bragging about how great the stock market has done under him in the last few days?

Well, he was quite busy today, dispelling rumors that his eyes were bloodshot. He had been planning on announcing how his brilliant handling of the soon to be very very...like very a lot, Colonial virus would soon be gone and that was why the stock market went up today close to 2000 points on the Dow Jones.

After very little discussion it was decided he could Tweet about it all weekend...between rounds of goof.

...I mean GOOF.

I saw it. It was a beautiful press conference. Very beautiful.

https://www.forbes.com/sites/alexandrasternlicht/2020/04/08/ray-dalio-were-heading-into-a-great-depression/#2c9a49717c83

https://www.buzzfeednews.com/article/tomgara/economy-recession-coronavirus

Angela Merkel fears economic crisis is being underestimated in EU