Dems said it was Obama economy right after impeachment trial flopped. 10 days later stock market crashed

https://www.google.com/amp/s/www.washingtonpost.com/business/2020/03/19/trump-coronavirus-economic-plan-stimulus/%3foutputType=amp

Looks like the stimulus has a soft cap at $75k income for an individual (phases out completely at $99k) and $150k for a couple. $1200 stimulus checm per person and an additional $500 per child

Seems a good threshold

AEX, our national exchange, actually gained this week. Huh.

well eventually we hit oversold territory. q1 earnings will be a mess for many industries - but did the market already price these in during these absurd swings?

This post was edited by excellence on Mar 20 2020 06:11am

March 18 the ECB announced a 750B "Pandemic Emergency Purchase Programme". Also, ECB basically said to do whatever it takes to support the euro. The presses are running red-hot. Detail: nobody worked for that money, no gold in the safe to back it, nada.

Same shit happens in China, US, everywhere. There's your answer to the question how the hell it's possible that stocks are green in a time where logically everything should be red.

Printing money is the right thing to do at the moment to stimulate the economy as it improves liquidity without resulting in much inflation at all in the short term. Once we finally get over the virus there will probably be a higher than 2% inflation rate, but it's a worthwhile tradeoff considering how well the economy will respond with all the disposable income people are building up rn.

Stocks gained a fraction of the amount they lost because the markets were down so much some investors saw value. The markets are down 30% compared to 3 weeks ago.

I disagree. Central bank interventions are now taken for granted which means we don't have markets function like they should. Let me point you to the fact that central banks were enjoying their manipulation schemes so much that we see negative interest rates in parts of the world which is completely out of whack. The ECB had not even finished it 2008 crisis QE program, they announced a new round of QE in September 2019 IIRC. The amount of "money" pumped into the economy is insane. Can't even call this money, no one worked for it. It's all manipulation.

Also, a huge problem is that the rich will once again benefit from these manipulated markets while the taxpayers once again will be called upon to pay the bill. Lets talk about this again in 1 or 2 years time and see how it turned out.

'Can't call it money cos no one worked for it' isn't sound economic theory, I would rather trust those with the subject expertise. That's not a personal dig by the way, I'm also including myself in the category of non-expert.

What you are referring to as manipulation of markets is just monetary and fiscal policy. Demand is low, you print money borrow money or lower taxes. Then when demand is higher and inflation hits the govt can issue bonds to reduce money supply, provided they are solvent and credible.

The level of distrust you have in the fundamentals of the system must make it difficult to enjoy things. Surely you are invested in the markets in some way through a pension scheme and you have a bank account...must be a worry.

Printing to accelerate US crash later ? I vote for
dro94 maybe new us president too!

Reality and logical thinking mate. Come on, it's not that hard. People with a savings account do things right and I'm happy to be one of them. If I were one of those households up to my eyeballs in debt that's when I would start to worry

Also, cash is king at the moment which is why you see stocks being dumped. Seems that "system" you mention indeed suffers from a level of distrust and those big traders are experts so there you go. Nothing new here BTW, the huge distrust in this system of manipulation clearly showed during the 2008 crisis. Sadly people only seem to learn the hard way.

This post was edited by Djunior on Mar 21 2020 06:03am

Set for a technical bounce tbh as long as world doesn’t end by Monday