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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 SilasX on Tuesday March 24, 2020 @12:16AM (#22671857)
No, you're the one assuming they're functioning companies to prove that the deserve to be saved. That's itself circular.

And if you think the market is correctly pricing the equity, you can't turn around and say it's mispricing the bonds so the Fed has to "correct it".

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Re:Federal Reserve pledges asset purchases with no limit to ... by perl4ever on Tuesday March 24, 2020 @04:37PM (#22678740)
I didn't say the market is correctly pricing anything. I'm saying if it is correctly pricing securities, then it can't be used as evidence they are nonviable.

I mean, circular reasoning is one level of stupidity, but getting it going with a counterfactual is just enraging to me.

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