Fed injecting $1.5 trillion into bond markets; U.S. stocks dive after Trump issues coronavirus trave

[Marcuse]

Source: Washington Post

The Federal Reserve took the highly unusual step of injecting more money into the bond market Thursday to ensure the financial system remains stable. The New York Fed will pump $1.5 trillion into the short-term lending markets that banks use to lend to each other on Thursday and Friday.

Read more: https://www.washingtonpost.com/business/2020/03/12/markets-live-updates-coronavirus-economy/

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Socialism!

[underpants]

1. Hmmm sounds like a bailout

[Mike 03]

2. The markets began to retrace lost ground when the Fed repos were announced

and now it's tumbling again.

[djacq]

3. Hmm... Doesn't that have to be paid back?

[Javaman]

4. shush you. killing the repuke buzz, dude. LOL

we are so fucking far down the hole we are never getting out.

[mdbl]

10. LOL

Well said.

[IronLionZion]

14. when Biden is president

so not Trump's problem

[CountAllVotes]

5. The DOW went down to a 800 pt. loss briefly

Now its back to dropping like a hot rock.

The Fed shot the wad. There are no "tools" left to work with that are any good!

[Cosmocat]

6. Each time this happens with an R POTUS

https://www.cnbc.com/2020/03/11/futures-are-steady-wednesday-night-after-dow-closes-in-bear-market-traders-await-trump.html

Chart at the end of the article - all the big blowouts have come under R potus who pushed things too far with tax cuts and the fed over played its hand prior to the blowout trying to keep the market moving up for the R potus.

WHY
THIS
COUNTRY
LETS
RS
DO
THIS
IS
BEYOND
ME

[mahatmakanejeeves]

7. 2:15 p.m. European markets wrap up worst day ever on 11 percent rout. NT

[keithbvadu2]

8. The Trump economy.

[hot2na]

12. Needs to be said more often

The economy was not soaring 2 months ago because of trump. it was soaring in spite of trump. The Obama/Biden economic recovery was so resilient that it lasted 3 years into the trump presidency, before Trump could f**k it up.

[Cognitive_Resonance]

9. Spitting into the wind. nt

[yaesu]

11. More of that socialism they hate so much. nt

[Kashkakat v.2.0]

13. Im just a working clas schmuck, I thought the whole point of stock market was to ride out the

highs and lows - buy low, and sell high? Isnt that how the game is played?

A market where there are no lows, only higher and higher highs - wow, what a concept.

Well maybe that's what we get with an amphetamine addict as president.

[yaesu]

15. Basically another bank bailout like in 2008, here we go again. Lets hope they bail out the American

people this time by Congress passing emergency legislation including Federal emergency unemployment insurance soon to provide relief to the millions who's jobs will be effected.

[Javaman]

17. want the market to skyrocket over night? get rid of the orange asshole. nt

[aggiesal]

18. Isn't $1.5T more than double the amount ...

that the FED injected during the housing meltdown?

$700 Billion dollar bailout in 2008
https://www.thebalance.com/what-was-the-bank-bailout-bill-3305675

How bad does this look?