Re:Fed to buy junk bonds, lend to states in fresh virus support
by JumpCrisscross on Thursday April 09, 2020 @06:46PM
(#22827986)
> What happens if liquidity still isn't there?
Do you mean, what if the economy never recovers?
Then the Fed’s actions will soften the blow. They will have decoupled the spectre of deflation from the underlying destruction. It certainly won’t have caused more harm than would have otherwise occurred.
That said, no democracy survives 30%+ unemployment for long.
Do you mean, what if the economy never recovers?
Then the Fed’s actions will soften the blow. They will have decoupled the spectre of deflation from the underlying destruction. It certainly won’t have caused more harm than would have otherwise occurred.
That said, no democracy survives 30%+ unemployment for long.