Wall Street closed out its best week in 45 years Thursday after the Federal Reserve launched its latest titanic effort to support the economy through the coronavirus outbreak.
In the last few weeks, investors have sent the market back up more than 20% after promises of massive aid from the Fed, other central banks and governments around the world, even as evidence piles up that the recession fears were prescient. This week, some investors have begun to look ahead to the economy possibly reopening amid signs the outbreak may be peaking or plateauing in several of the world’s hardest-hit areas.
The market’s big gains this week have been somewhat tentative. On Tuesday, the S&P 500 charged to an early 3.5% gain before it disappeared in the final minutes of trading. On Thursday, the index nearly gave up all of an early 2.5% gain, paring it down to 0.5% before climbing again in the last hour of trading.The afternoon’s fade also coincided with another abrupt downdraft in the price of oil. Benchmark U.S. crude oil fell $2.33, or 9.3%, to $22.
CorporateWelfare 🖕🏽 wallst
sethrobson1 Stocks are not the economy. The rise in markets is from corporations who are about to get a billion dollars worth of tax payer bailout money they will never have to pay back. Millions of Americans are out of work and small businesses are shutdown. That is the real economy.
Good. Keep it up.
5566
The economy is fake and rich people don’t care about anyone.
Should read: fed protects its corporate lords as citizens suffer
Doesn’t mean shit when so many people are out of work
capitalism thrives at d stock exchanges w/ socialist help
Proof the stock market does not reflect the average American family.
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Wall Street rises on latest Fed rescue programWall Street closed out the trading week on a high note on Thursday as the U.S. Federal Reserve unleashed another program designed to buoy local governments and businesses crushed by massive closures to stem the coronavirus outbreak. Hey, why bother making stuff? It's much easier to print bonds and sell them to the Fed which prints money to pay for the bonds, and then the stock goes up. So, everyone is happy. I guess we didn't really need workers after all. So when are they going to print COVID-19 bonds? To help pay for all this? Dose this new glut of spending help the local hospitals so they need not cut staff? The Federal Reserve is a private entity. By printing money the are making themselves richer. There are thousand of video on YouTube explaining this things.
Source: Reuters - 🏆 2. / 97 Read more »
Wall Street climbs after Fed stuns markets again with aidStocks open higher on Wall Street after the Federal Reserve launched its latest effort to support the economy through the coronavirus outbreak. The central bank said it took actions to provide up to $2.3 trillion in additional lending. Good news DowJones stocks Great! At least someone is making money while 10s of millions of people apply dor unemployment. 🙄 This is how you know it’s all bull shit. The amount of money they’ve magicked out of nowhere for the stock market could’ve easily paid for M4A. It’s only impossible when it’s for us. When it’s the shareholders, they’ll make it happen. Make corruption = treason.
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Fed rolls out $2.3 trillion to backstop 'Main Street,' local governments during crisisThe U.S. Federal Reserve on Thursday rolled out a broad, $2.3 trillion effort to bolster local governments and small and mid-sized businesses in its latest move to keep the U.S. economy intact as the country battles the coronavirus pandemic. Where is it? Well so far no one has seen a penny as usual Banks are going to pocket the money and poor people will be empty handed again. It happened in past and happening now.
Source: Reuters - 🏆 2. / 97 Read more »
Coming next from the Fed: How much for Main Street?The U.S. Federal Reserve responded fast to the coronavirus crisis with open-ended programs to keep financial markets running and ensure major companies could raise cash as they usually do through large capital markets. None. Never have and never will. The Fed is for the 1% only. Educate yourself please. Canadian government said today it will takes a few months before businesses can resume activities. Guess being shut down for 4 months is a good news as the TSX is up 2.5% JCPenney deserves help.
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Fed rolls out $2.3 trillion to backstop 'Main Street,' local governmentsThe U.S. Federal Reserve on Thursday announced a broad, $2.3 trillion effort to bolster local governments and small and mid-sized businesses, the latest in an expanding suite of programs meant to keep the U.S. economy intact as the country battles the coronavirus pandemic. IF At the current rate we will hit over 20% unemployment in three weeks. That's NOT a quick recovery in the making. Wow. That's a big if.
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Explainer: Next from the Fed - Help for Main StreetThe U.S. Federal Reserve responded fast to the coronavirus crisis with open-ended programs to keep financial markets running and ensure major companies could raise cash as they usually do through large capital markets. TRHLofficial LibertarianRed1 I want to see your reactions to this. The Treasury’s funds are there to cover only the small portion expected to go bad. In other words, we're on the hook for all of it.
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