They've kept the accelerator mashed to the floorboard since 2004 or so. There isn't any control authority left. Fucking Greenspan started it. Its the reason you should raise rates when the housing market is overheating, so that you have dry powder when you need it.
When did we become such a country of pussies that a few down days in the stock market and we botch and moan for rate cuts and tax cuts.... Market is down...big fucking deal...
recession time; thanks Obama https://www.axios.com/coronavirus-r...lus-f204fff1-b118-4a74-9b87-f9506f5944aa.html The world needs Trump to save it from a coronavirus-induced recession Trump's ex-top economic adviser: US is in a recession Former Director of the National Economic Council Gary Cohn speaks with CNN's Anderson Cooper about how the global coronavirus outbreak has impacted the US economy.
https://www.ft.com/content/a610811f-0f2c-42c4-b80d-a3b2d17d981f Mnuchin says US ready to ‘take losses’ on $500bn bailout Fed chairman and Treasury secretary come under fire over diverging Wall Street and household fortunes well, that's nice I guess if the "US" is taking the losses, that won't impact me then.