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Fed Does ‘Exactly What Market Needed’. Trump Considers Flouting ‘Advice Of Health Professionals’ To Save Economy
"This facility, broadly speaking, is exactly what the market needed", SocGen's Subadra Rajappa (who,
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There is no way this blows up in Trumps face! There is no way this turns into a disaster! I talked to someone last Wednesday at work who said she wanted him re-elected because he’s ‘Good for her 401k’. This someone is a 65 year old woman, btw.
I am sure Blankfiend an Cohns deserve all the accolades they get. Never liked either of em. Posers. I guess that comes with the territory.
We have stopped public access to or work areas, but we are expected to work. My millenials are a little bit put out or bummed by that. They can claim it is out of containment altruism and fear, but there is an element prefer to get paid and not work, to it. I joined this organization because after 911 I liked the security of being essential personnel. Being needed is valuable.
Still wondering what this new kind of capitalism is called.
Finance socialism?
I can’t imagine that Trump can stand the short-term economic pain that would be necessary to stem the spread of the virus. I wouldn’t be at all surprised if we wind up in the worst case scenario in which we shut down just long enough to accrue the majority of the potential damage to the economy, but not long enough to appreciably change the course of the outbreak, thereby maximizing the overall impact of the virus.