WASHINGTON (AP) — The Federal Reserve is intervening once again to try to smooth out the world’s lending markets, this time by lending dollars to other central banks in exchange for Treasurys.
Dow responds by dropping 200 points in early trading.
St. Louis Fed estimates:
47M Americans job loses
32% unemployment rate (higher than the Great Depression unemployment rate of 25%).
Meanwhile, Gallows humor in theses troubling times…
Greed-Over-People Party/Covidiot Trump:
OK to KAG (Kill American Geriatrics) for Wallstreet$$$
With headstone inscription RIP (Retirees Insuring Profits)
Well, this will certainly get the economy rolling by Easter. Of 2029.
How come no one’s talking about an interest on debt holiday? eg no interest on credit card balances for 6 months as long as we pay the minimum.
