Fed drops interest rates

[switchtronics]

https://www.usatoday.com/story/mone...-rates-zero-agrees-buy-more-bonds/5054943002/

Article usa today

The world is throwing everything at preventing #gfc2.

How do you think people will react?

 

[spannermonkey]

https://www.silverstackers.com/foru...second-emergency-rate-cut.95175/#post-1130917

 

[JohnnyBravo300]

It's so strange they need to do this in the strongest economy ever in history straight out the maga playbook by the holy himself.

I bet it will work just perfect. We will be stronger than ever, lowest unemployment, manufacturing has come back, jobs flooding back in, borders secure, virus is no problem and we are prepared. The end.

 

[STKR]

The end

I think you've got that part right.

 

[sgbuyer]

The end.

I'm amused by the American response. Don't really understand the American system of government. Many of the democratic governments in Europe, e.g. Germany, Switzerland, Denmark, etc, are paralysed with fear while the US with all the calls to mobilise the army is now behaving more like China than the West at this moment. It could be an advantage this current crisis.

Even in China, they dare not openly mobilise the army. Although the army had been mobilised, it was very discrete.