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  • Mar 16
    ·
    edited
    Artboard

    9 hours ago Trump threatened the Fed chair, said he'd fire him if rates didn't drop to 0%

    Rates are now going to drop to 0%

    Also the fed will be buying debt again to try and help the market with another round of QE

    https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/federal-reserve-cuts-rates-to-zero-restarts-quantitative-easing-qe-210001968.html

    interest free money season

  • F***KKKKKKKKKKKKKKK the federal reserve I hope these stupid f***s get corona

  • Ngl I never understood this stuff, can someone enlighten on the basics of how it effects the economy pls

  • lmaooo

  • Young D

    Ngl I never understood this stuff, can someone enlighten on the basics of how it effects the economy pls

  • Young D

    Ngl I never understood this stuff, can someone enlighten on the basics of how it effects the economy pls

    We’re moving toward negative interest rates. When we start hitting real negative rates, you pay the bank to hold money and they pay you to take out a loan.

    Fed loans that money to the banks, then the banks loan that money to you at a slightly higher rate. So mortgages and car loan rates go down, cheaper to buy one.

    https://blogs.imf.org/2019/02/05/cashing-in-how-to-make-negative-interest-rates-work/

    This is how it’s going to work, we’re probably going to move towards a cashless society, it’s inevitable that it’s going to happen soon.

  • Young D

    Ngl I never understood this stuff, can someone enlighten on the basics of how it effects the economy pls

    this is the rate banks borrow the money from the federal reserve at

    so banks no longer are paying interest on loans which means the rate everyone else pays goes down

  • Ahh got it, thanks guys!

  • Young D

    Ngl I never understood this stuff, can someone enlighten on the basics of how it effects the economy pls

    we are f***ed, these are basically absolute worst measures we have to help us OUT of a depression or recession, and Trump is using them to artificially prop up the economy PRIOR to that failing, so as to create the illusion everything is fine and our market is thriving (but no one is stupid enough to take the bait) so it’s basically his most recent narcissistic idiotic move to trick the public in a long line of them, and basically allows the people you’d least want to have money rn run off with a check before we all are left stranded

  • DickerSpaniel

    we are f***ed, these are basically absolute worst measures we have to help us OUT of a depression or recession, and Trump is using them to artificially prop up the economy PRIOR to that failing, so as to create the illusion everything is fine and our market is thriving (but no one is stupid enough to take the bait) so it’s basically his most recent narcissistic idiotic move to trick the public in a long line of them, and basically allows the people you’d least want to have money rn run off with a check before we all are left stranded

    Oh f*** :fck:

  • DickerSpaniel

    we are f***ed, these are basically absolute worst measures we have to help us OUT of a depression or recession, and Trump is using them to artificially prop up the economy PRIOR to that failing, so as to create the illusion everything is fine and our market is thriving (but no one is stupid enough to take the bait) so it’s basically his most recent narcissistic idiotic move to trick the public in a long line of them, and basically allows the people you’d least want to have money rn run off with a check before we all are left stranded

    I think there is a valid argument to be had that this is needed because we are entering an era of unprecedented stagnation as things close down

    our biggest issue is that this economy has so much company debt and personal debt that if rates cross 4% the entire economy will collapse

  • Neon

    I think there is a valid argument to be had that this is needed because we are entering an era of unprecedented stagnation as things close down

    our biggest issue is that this economy has so much company debt and personal debt that if rates cross 4% the entire economy will collapse

    it’s needed but i do not believe at this current point at all, and think that will end up biting us in the ass far worse than letting things play out accordingly then utilizing these efforts

    this is the equivalent to the meme picture of the house burning down and trump is the dog desperately trying to convince everyone, and the entire world, “this is fine”

  • Negative rates incoming lol

  • Mar 16
    ·
    edited
    DickerSpaniel

    it’s needed but i do not believe at this current point at all, and think that will end up biting us in the ass far worse than letting things play out accordingly then utilizing these efforts

    this is the equivalent to the meme picture of the house burning down and trump is the dog desperately trying to convince everyone, and the entire world, “this is fine”

    I mean we are probably days away from major cities being locked down

    plus we still have negative rates for when things get worse in 2-3 weeks

  • I need some money rn irs.

    Give me severance.

  • money machine go brrr

  • Apparently the Fed doesn't like to use negative interest rates. So we're going to see the stock market soon fall another 20% as stated by Goldman Sachs.

  • sixlack

    Apparently the Fed doesn't like to use negative interest rates. So we're going to see the stock market soon fall another 20% as stated by Goldman Sachs.

    yeah our fed has never done negative rates

    would be unheard of but I think they'll be desperate enough at some point to think about it

    and IMO 20% more is if we are lucky

    we are heading for Great Depression level dropping 40% if the economy continues the way it's looking

  • welp there goes my hysa

  • Flacko

    money machine go brrr

  • DickerSpaniel

    we are f***ed, these are basically absolute worst measures we have to help us OUT of a depression or recession, and Trump is using them to artificially prop up the economy PRIOR to that failing, so as to create the illusion everything is fine and our market is thriving (but no one is stupid enough to take the bait) so it’s basically his most recent narcissistic idiotic move to trick the public in a long line of them, and basically allows the people you’d least want to have money rn run off with a check before we all are left stranded

  • quarantine economists

  • unlimited QE

    any large company should be able to get money fast

    https://www.federalreserve.gov/newsevents/pressreleases/monetary20200323b.htm

    what's the need for the airline bailouts?

  • they're straight up buying stocks, there have been rumors of ppt buying stocks for the feds for years but that's been a secret

    they're doing it out in the open now, strange times

    https://www.google.com/amp/s/www.barrons.com/amp/articles/why-the-federal-reserve-is-now-buying-etfs-51585076254

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