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A comment on Federal Reserve pledges asset purchases with no limit to support markets. Parent comment

Re:Federal Reserve pledges asset purchases with no limit to ... by pbourke on Monday March 23, 2020 @01:52PM (#22666674)
> Continued stock market slides will cause politicians to panic and demand lifting of restrictions, even if they're the only thing helping right now.

Or .. and hear me out .. we can ignore the fucking stock market and move to address the public health emergency as our sole concern. The stock market right now is tens of thousands of market participants running around wearing flaming underpants on their heads.

The bond/credit market - yeah, that has consequences. The Fed is already intervening there.

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Re:Federal Reserve pledges asset purchases with no limit to ... by ceejayoz on Monday March 23, 2020 @03:01PM (#22667443)
> we can ignore the fucking stock market and move to address the public health emergency as our sole concern

We can. Can Trump? Is he capable of that for more than a week or two?

A panicked President worried about reelection makes bad choices.

[ Parent | on HN ]