So not working, consuming, or producing is not a fundamental problem?
We just passed a $2tn+ economic stimulus package when we have record low rates. How is that not a fundamental problem?
It's called mismanaging the economy in a bull market. What do you think happens when you have record low rates in a bull market? You think companies and individuals don't borrow? How do you think companies will cut costs to cover their debt? How do you think individuals will cover their loans. Do understand why we're pumping liquidity into the markets? We're also printing money which creates inflation.
The key is to get people working, consuming, and producing as soon as possible ... that is how we get out of this. That's a fundamental issue. It's not like Trump is restoring confidence in America right now. That's a major problem.
The fact you point to the S&P performance ss a measure of how to manage the economy only proves your dumbassery. The key is to create value without exaggerated movements. That's how you properly manage the economy. That's from the libertarian playbook ... not liberal. Any moron can move the markets up in a bull market by lowering credit rates (lower costs) by not planning for the future. It's similar to maxing out your credit cards. It's a dangerous and foolish game ... especially is something unexpected hits.
I hope the economy bounces back quickly, but it's not as simple as Trump puts it. We need to get back to work and restore confidence. Until then, there is a ton of uncertainty in the markets.
[Post edited by Blah at 03/30/2020 3:48PM]
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In response to this post by Hoodafan)
Posted: 03/30/2020 at 3:40PM