business

Fed slashes rates to near zero, eases bank lending rules

5 Comments
By CHRISTOPHER RUGABER

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Trying desperately to keep the bourses up via artificial quantitative easing misses the point completely about this crisis, and indicates a economy that has become far too skewed on debt and consumer spending. Coronavirus isn't about liquidity on wall street, and I wouldn't mind seeing a significant drop that better reflects realities. I wonder what the fed will do next week, and the week after that, as this drags on, and after having used up much of its arsenal already...

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The Fed had to do this. it will help a little, but with the wealthy world becoming hermits, it won't be enough.

There will be deflation, which economies don't handle well.

Here's hoping for a soft landing.

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Consumers are the main driving force of any economy .

When people stay in and don’t buy then things go pear shaped...real fast!

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Wel, the market is down again. Last check was down around 11.5%

The Fed is out of ammunition.

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