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The Trump Economy


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34 minutes ago, Frott Scost said:


Put another 1.5 trillion in it to help for 30 min like the other day. Screw people like @BigRedBuster and @JJ Husker and other small business owners who could have actually benefitted from that money to help keep their businesses from going bankrupt. Anything to help the big bankers though, right?

 

The Fed can't do anything to help them. Its sole focus is monetary policy aimed at stabilizing and improving the economy as a whole. But sadly, as I read earlier today, nothing the Fed can do will affect the course of the disease and that is what is truly destablizing the econmy, so its effects are very limited.

 

Helping those people falls on Congress and Trump.

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1 hour ago, Frott Scost said:


Put another 1.5 trillion in it to help for 30 min like the other day. Screw people like @BigRedBuster and @JJ Husker and other small business owners who could have actually benefitted from that money to help keep their businesses from going bankrupt. Anything to help the big bankers though, right?

Sounds like you need a refresher on monetary policies, and the Fed’s roles and responsibilities, including its jurisdiction. 
 

but kuddos on the snide comment. 

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On 3/12/2020 at 3:13 PM, QMany said:

Dow just closed down 2352 points, by far the worst point drop ever.
Percentage wise, the 4th worst day ever.

  1. “Black Monday,” October 19, 1987 = -22.6%
  2. Great Depression, October 28, 1929 = -12.8%
  3. Great Depression, October 29, 1929 = -11.7%
  4. TODAY, March 12, 2020 = -9.99%
  5. Great Depression, November 6, 1929 = 9.92%

At 21,200, we're back where we were in May/June 2017.

 

Dow just closed −2,999, BY FAR the worst point drop ever.
Percentage wise, the SECOND worst day ever.

  1. “Black Monday,” October 19, 1987 = -22.6%
  2. TODAY, March 16, 2020 = -12.94%
  3. Great Depression, October 28, 1929 = -12.8%
  4. Great Depression, October 29, 1929 = -11.7%
  5. Last Thursday, March 12, 2020 = -9.99%
  6. Great Depression, November 6, 1929 = 9.92%
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Just now, Danny Bateman said:

I had to double-check to make sure this is real, but I verified it. The top image is 100% a real story.

 

It's almost poetic justice at this point. Trump will be undone by his own hubris. It's just too bad we're all going down with the ship.

 

Did you mean to link something? What top image?

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