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The last reported number for Fed Reserve QE is $12 trillion into the stock market.
They announced they are increasing their QE from $30 billion/month to $60 billion/month starting this month.
And no increase in rates so inflation will continue to go up.
The stock market is an illusion of reality thanks to the Federal Reserve.
As long as Wall Street gets an ever-rising stock market, who cares about the rest of the economy?
Democrats run all the economic engines of the country. Republicans just mooch of off their success. Covid is a blessing from God.
They do? I thought all the Billionaires were Republicans? I thought Black people and disadvantaged were disproportionately affected by Covid? I wouldn't want any of those people to die or get sick. What kind weird sicko would wish Covid on anyone
The last reported number for Fed Reserve QE is $12 trillion into the stock market.
They announced they are increasing their QE from $30 billion/month to $60 billion/month starting this month.
And no increase in rates so inflation will continue to go up.
The stock market is an illusion of reality thanks to the Federal Reserve.
This is one of Trump's worst legacies. I'm not saying all inflation is his fault, but he DEFINITELY pressured the fed into further QE, when anyone who understood the most basic economics knew it would result in inflation. This is no Monday Quarterbacking, it was called out (by me, among others) as he was pressuring the fed to do this.
To the OP: If the economy is thriving under Biden, you kinda have to wonder how much of his disapproval is based on partisan politics and biased media. It seems the media is up his arse every day saying what a bad job he's doing, yet here we are growing and growing. They did the same thing to Trump. It's funny how the 'biased media' works. All they really want is ratings, and they'll sell their mother's soul to get them.
I love seeing republicans get covid. Let’s go Darwin!
Quote:
Originally Posted by hawkeye2009
Kind of similar to why I support abortion- fewer democrats!
Abortion kills more people every year than Covid and auto accidents combined, so it is doing its job for humanity.
You both seem like pretty awful people. As much as I think your attitude is greatly responsible for what's wrong with the world, I don't wish death on either of you.
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