Reviving the economy is now up to others, primarily fiscal policy. But the Fed can still prevent the economic crisis from becoming a financial crisis.
The Dow Jones Industrial Average closed Wednesday 20% below its February high, officially ending its longest bull run and entering bear-market territory. WSJ's Gunjan Banerji explains what it means and how we got here. Photo: Andrew Kelly/Reuters
greg_ip Look at that. Is this your most powerful country
greg_ip Guess you shouldn’t have been lowering rates after 4Q ‘18 after all, eh Jerome? Bet you wish you hadn’t wasted those bullets now. Oh well, I guess you can go full BoJ and buy stocks directly. That should do it!
bengin1003 greg_ip Give the village idiot four more years, what could possibly go wrong ?
greg_ip Yep! America is on its own. We are the laughing stock of the world.
alexstanczyk greg_ip Let's see how long it takes to get to the bottom. Any bets? Non-monetary that is.
greg_ip Looks like the Federal Reserve is out of options for saving rich people's money. Oh well
greg_ip Maybe Dipstick Don and his scumbag family members could return some of the tens of millions of dollars which they have skimmed and fleeced and stolen from the American public coffers!
greg_ip Terrible decision making. Plus, who is paying for the 1+ trillion in injection? How are they so bad at this? Idiots bend to the will of another idiot.
greg_ip I have for more than a year said that it will not be The FED deciding when the rates will go up but the market, and when it does the rates will go up fast and furious. Sunday’s announcement only confirms my belief. Fed ratecut WaitAndSee TheDebtProblem
greg_ip realDonaldTrump was sent by the Russian mob to destroy our nation. He’s well on his way to doing that, with the help of GOP. This is criminal.
CoveringDelta greg_ip 1 Bitcoin equals 5,072.47 United States Dollar Mar 16, 2:35 PM UTC
CoveringDelta greg_ip EndTheFed
greg_ip FlattenTheCurve will get us past this and allow economy to get back on track.
greg_ip I told you all electing Trump will crash the US economy.
greg_ip It’s now up to the politicians. God help us!
greg_ip Pressure from the Whitehouse to drop rates and throw good money at bad is not the response investors want to hear . We want to hear the plan from global leaders that they have for moving forward on healthcare and the containment of this virus . Money won't save your health .
karolcummins greg_ip ETTD
greg_ip The U.S economy will definitely struggle, but once Trump goes (whether thats this election or the next), the financial borders will come down, and its likely the stimulus will come purely through America being open for business once again. Lets call it, 're-globalisation'.
greg_ip Ran-out of green paper
karolcummins greg_ip Can we get a refund on the wall if we return it?
greg_ip FED is going to create another crisis in the form of price inflation.~US economy is moving forward from recession to great depression. FED will be responsible for US economy malaise. USeconomy recession CoronavirusOutbreak greatdepression2020
greg_ip The gang that can't shoot straight used up all their bullets...
greg_ip Putin Is Winning! Trump Bankrupting America
greg_ip Trump Bankrupting America
greg_ip We need a new federal reserve chairman. This guy is an idiot. He has panicked the markets and is always the last to realize what is going on. If Trump doesn’t replace this idiot them we need to replace Trump
greg_ip Yuck. This is going to reverberate for years to come
jonostrower greg_ip Look back to 9/11. Those who panicked and traded irrationally lost everything. Don't be myopic! Think about where we will be in a year from now. History proves we will be successful and thriving! THINK LONG TERM!
Andrea51544005 greg_ip
jonostrower greg_ip Funny how a virus born in China will finish off the most power country in the world and place itself on the throne. Think about that for a while
greg_ip Thank god for that huge tax cut we didn’t need
greg_ip jimcramer realDonaldTrump 👇🏼👇🏼👇🏼👇🏼👇🏼👇🏼👇🏼👇🏼👇🏼 No bullets left in the gun!
greg_ip The Fed handling of this has been atrocious. They’ve done nothing but send panic signals to the markets. I’d say Powell should resign/be fired but that would just make it worse.
greg_ip The can point fingers and name names. In the end, the money was never what made America great. It was the people.
greg_ip Powell is a fool. He let Trump badger him and he blew his credibility. Capitalism has corona virus.
greg_ip The Fed has done it again...stock market dropping like a rock. Nice going idiots...sometimes leaving well enough alone for a few weeks is the better choice.
greg_ip Turn off CNN, MSNBC, ABC, FOX and go shopping. Go to the movies, go out to eat. The Media is what has caused this. HOAX from Yellow Journalism.
greg_ip Why the hell did the FED rush into zeroing the interest rates when the crisis is still far from its peak?
greg_ip Key point - The Fed can't do much now to combat an economic crisis, but it still has tools to combat a financial crisis.
greg_ip TrumpIsTheWORSTPresidentEVER
greg_ip
EvanLSolomon greg_ip BellMedia CTVNews CFRAOttawa Meanwhile in Canada ...
greg_ip I miss Greenspan
greg_ip Dumb Feds and Dumber you know who
greg_ip Gold standard is only play left
greg_ip Yee gads the rise and fall of the Roman Empire
greg_ip This catastrophe is squarely on shoulders of Yellen and Powell
greg_ip so america has trillions in debt and our piggy bank is empty too !
greg_ip
greg_ip Wrong they can buy every bond here until the end of time and hold them.
greg_ip lol what does that mean for ECB who is already at negative rates and doing QE? how about BOJ? lol Trump2020
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