the Federal reserve says it is prepared to take on losses...this means unlimited partying

[S2007S]

‘We are fully prepared to take losses’ on coronavirus business bailouts, Mnuchin says
PUBLISHED TUE, MAY


As soon as this news came out wallstreet is now having its own party, up up up....no risk all reward all the time.




https://www.cnbc.com/2020/05/19/we-...ses-on-coronavirus-bailouts-mnuchin-says.html

 

[SteveM]

"digital creation of unlimited supply of money out of thin air"

"take losses"

-------------

choose one

 

[noddyboy]

‘We are fully prepared to take losses’ on coronavirus business bailouts, Mnuchin says
PUBLISHED TUE, MAY


As soon as this news came out wallstreet is now having its own party, up up up....no risk all reward all the time.




https://www.cnbc.com/2020/05/19/we-...ses-on-coronavirus-bailouts-mnuchin-says.html

Nasdaq 10k. Hyperinflation. Bears screwed.

 

[murray t turtle]

"digital creation of unlimited supply of money out of thin air"

"take losses"

-------------

choose one

%%
I like bill gates/MSFT perspective= ''IN a War on Disease ,Measurement Matters'' Or as DR/Senator Rand Paul noted recently, '' the virus in KY was less than the flue''l
Sure DAL or AAL may/may not go bankrupt= but they have done that before+ not virus related, the first time they went bankrupt...………………………………………………………………..

 

[piezoe]

"digital creation of unlimited supply of money out of thin air"

"take losses"

-------------

choose one

Of course such a statement by Mnuchin is absurd on its face. He is either taking the rest of us for fools, or he is a fool. Either way it's not good. I think the only way it's possibly justified, is if he believes there would be irrational demands on government that would lead to an uncontrollable balance between money and productivity if everyone were to realize that government is the source of money, and the illusion of government borrowing to spend were to be shattered.