i dont have any debt and when i was talking about the 1/3 of americans who are going to lose their house but dont realize it yet, i was talking about debt
the fed is printing money out of thin air, the retarded stimulous plan just upped the national debt to 1940's wartime levels
30% of american's don't have more than $1000 worth of savings to cover their mortgage when they realize the world doesnt just g back to normal on may 5th...maybe may 5th 2022 or 2023ish if we're lucky
, sellers are puling back from selling, buyers are hesitant to buy
people are racking up debt they have no plan to pay back
(if you were talkig to me specifically, i have zero debt for the record... )
BUT TRASURY !)?#) YEILDS ARE FUCKING INVERTED< THE FED AND TREASURY HAVE NOW MERGED
hese programs we are using, under the laws, we do these, as I mentioned in my remarks, with the consent of the Treasury Secretary and the fiscal backing from the congress through the Treasury. And we are doing it to provide credit to households, businesses, state and local governments. As we are directed by the Congress. We are using that fiscal backstop to absorb any losses we have.
Our ability is limited by the law. We have to find unusual, and exigent circumstances and the Treasury Secretary has to agree, and we are using this fiscal backstop. There is really no limit on how much of that we can do other than meet the tests under the law as amended by Dodd-Frank.
that statement is fucking terrifying. nothing is propping up the stock market right now other than speculation. oil reserves have ceased trading.
worried for you in that insane cuntry.
you should be worried that we're the ones who print the money out of thin air at least and control the bubble. the USD the global standard currency..... no matter what country you're in.... you should be more worried about yours.
there is no answer to this problem anymore. people can try to blame trump, or congress, or consumerism or whatever... simple fact is this bubble was created by the central banks decades ago, and this pandemic has sent the global economy to a halt like a car doing 85 into a brick wall.
there is nothing propping the banks up anymore lol
invest in scotch.