adp non-farm report just came out. Much higher non-farm employment than predicted. We are screwed in term of rate cut. High unemployment and high core inflation gave jpowell easy excuse for pause rate and wait and see.
We'll see what actually happens.
I mean... they printed money when COVID hit to keep the US spending.
If this sell off starts triggering massive buying of off shore stocks due to unease in US stocks... they gotta do something to keep investors in US stocks.
I mean... even Nancy/Obama/Sanders/etc have been talking about wanting to get certain global powers in check over the years...
They didn't want to do it... just talked about it. Now, someone is actually doing what they didn't want to do personally. Do you think they will stand in his way now that they have someone to blame if it goes sideways?
Huh, I don't think Obama can impeach anyone at this point. Is your argument that the democrats didn't want to end free trade and that they are also beholden to their capitalist masters? Because yes I agree
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u/DPMKIV 1d ago
It's called a FED bailout...
It theoretically should ease the free fall to prevent an all-out crash.