Don't mind S2000, he's just grumpy and bitter that Yellen is back in the mix. (I think he has a pR0n tape of Powell and Yellen doing the deed, but it's just a rumor). lulz
It sounds like some heavenly message and there might be some divine intervention to make sure there is no catastrophe. But there was no intervention for Lehman Brothers, Barings Bank, Tulip Flower ...
now that market participants have gotten used to bailouts, future interventions are somewhat expected from the fed no?
There is always the fed to backstop the markets that's why markets no longer have any worries. It's always rainbows and butterflies and blue skies ....as long as the fed prints markets go higher. And the printing will never ever stop. I say while they are printing money they may as well print more and just handout free money to everyone on a weekly basis. Maybe a $1000 a week would be good. Then everyone could buy stocks and become even richer because stocks always go up up up.....
But there were plenty of trillions spent on other bank bailouts. Banks are still reaping the benefits of the 2009 financial crisis bailouts. And even now with historical low rates banks are printing money just as much as the fed is. I mean it's great that' banks can borrow at 0.4% and then charge a 22.99% apr on credit card balances. Life is wonderful for big banks when the consumers get fu$ked.