Yeah, 40 million unemployed workers will do that. But let's shovel more of the Treasury into the overstuffed pockets of the wealthy. That always works to do something! You give money to the unemployed, and they'll just blow it on food, clothing, and shelter. Wealthy people will create jobs. The minute they have enough stashed away overseas, which hasn't quite happened yet. Patience.

"..basically the FED is keeping the country from basically collapsing totally"

The breaking of America thru its economy was noted as a major step in Putin's playbook.

Think Venezuela.

And with this collapse comes foreign bidders for whatever remnants of the USA can be acquired at bargain basement prices.

Chilling road to be heading down.

This cite does not say anything about buying Walmart bonds, etc., to boost bond markets.

https://timesofmalta.com/articles/view/fed-committed-to-using-full-range-of-tools-to-alleviate-us-economy.798018

They have been indirectly buying up stocks and bonds to prop up the markets, and making billionaires richer. None of this is real, and cannot last.


The $600 a week has been keeping actual regular people afloat, but now it is ending, people will start loosing their homes, and not have enough to eat, in the middle of a pandemic.

The fact that the nasdaq is at all time highs right now is absolutely ridiculous

... don't know what's gong to be stable in 2022

their job is full employment and low inflation. To the extent they have tools to manage it, lowering interest rates and buying bonds allow the congressional printing press to go burr.... Supporting the bond market and being a lender to more than banks also allows companies to avoid bankruptcy.

There is a risk though of significant inflation or deadweight companies holding back the economy, and this risk grows over time. However, the virus is more of a risk currently.

although we'll pay for it all eventually through inflation and taxes.

A sound government should be prepared to place a nation on basic life support in the case of a national emergency.

I'm not convinced any nation on Earth was really prepared for a pandemic although some unprepared ones with enormous reserves will weather it far better than us. Some of those will also have a feast of American assets at bargain prices.


KY