How can Wall Street be so healthy when Main Street isn't?
The stock market is not the economy. Rarely has that adage been as clear as it is now. An amazing, monthslong rally means the S&P 500 is roughly back to where it was before the coronavirus slammed the U.S, even though millions of workers are still getting unemployment benefits and businesses continue to shutter across the country.
Oh ya 4 year ago
How can you even ask such a stupid question? Why is wall street healthy. Because the goverment is printing trillions of worth less everyday dollars. The goverment is now buying even junk bonds trying to keep the wheels on the wagon. The economy was crashing before the virus as they were pumping billions a night into the REPO market to stop banks from imploding as the banks would not lend to each other even very short term. Trump needs this to ladt to November. Maybe the reporters should be telling the truth about the Fed has been screwing average joe since 1913 when it was created on Jekyll Island and the US Government gave the right to 6 jew banks to coin US money, or when in 1971 Nixon closed the gold window thus allowing the goverment to print as many un backed USD as they wanted, or in 2000 when President buttwipe allowed the investment banks merge with saving banks thus making it possible for them to get government bailout money. Just maybe reporters should be honest. I know that is but a dream.