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?Rcohn is correct in my opinion. Then, they will have to go after the middle class, whatever is left of it to make up the shortfall. Bear mkts doesn’t exist in their realm of existence! No place for the money to go but into the bank.Those kinds of opportunities are *no longer* available for the picking now. Social Security went from an independent and self funded program to part of the overall federal budget.There is NO social security lockbox. Locked out, their best option is to riot. Look to the Chinese state system for the answer. And this is a terrible thing for the economy — an economy with a market that no longer fulfills any kind of economic function, such as pricing of risk.Mr Powell claims all the things he is doing to keep the markets ‘functioning’ smoothly, aka support the bubble at any cost!! Clueless about efficient allocation of resources under true Capitalism (prior to ’09)I share your sentiment, but I think the biggest mistake in FED history was the FED being founded,Yes, but that was a mistake Congress made. And that would have been the market way to handle this pandemic. A one-hand button lock is used to for a safety blade release. In addition to this, it has a jade handle with a filigree overlay and 10 karats of emeralds counting 153 individual gems and 5 karats of diamonds contained in just 9 gems along with filigree that is brilliantly draped over a jade handle.Benjamin Smith is one of the managing editors of Moneyinc. At Montana State it is going to be about 30k to 35k a year (out of State). Every time the market drops a little bit in the name of price discovery, the Fed has intervened to artificially prop asset prices. Comedy, you say? Not a lot, but it’s that feeling of bliss and euphoria, right? If you hold more, you gain more. hope i’m in After Hours territory.. but i’ve seen others pull the tab on the bottle and let ‘er rip here. !Welfare *does* stop. 5 months of $600/week is more like $13K.Second tens of millions got that $13K which as a % of their net worth is pretty high. Other than rich vs poor, the rest of humanity are equally guilty of the rest i.e. Congress could undo that mistake, but won’t, no matter who is in charge.Heh heh, can you imagine if somehow the Congress mandated that they or the executive branch have directions to the Fed. Well yeah, life is unfair. The Fed is not going to monetize the current round of spending.For the past 7-8 years, bulls like me have been saying invest in stocks and real estate. And they are stabilizing the market by tossing tons of ill-considered cash at the problem.Inevitably, this leads to complaints about inequality, and likely this means we get responses like AB2088, because the politicians want to stay in power, so they will do the easiest thing they can to appease the masses. September & October will be interesting months. Why? I hate to see what the long term consequences are for us all. For many of them Stocks go only up! Kamala proposed a $2K/mo UBI for every American. Much easier for the CEOs to work from out of state in this age of C19.“Bail out the rich so that they don’t take losses, thereby screwing up the functioning of the market, and disallowing the market from fixing economic issues. He hailed from Kimberley, Nevada, USA. It has now cemented this sense of entitlement of socialism for the rich into your thinking for all times to come.‘Without the Fed bailout, your portfolio might be down 50-70% now. That needs to be regulated properly. And now that people like me were proven right, bears are saying it’s unfair. This is not a bad thing.What is also lacking in the discussion is an analysis of an increase in nominal versus real value.A household with a net worth of $2,400 gets a stimulus check of $2,400 — representing a 100% gain in net worth (until one of them gets a little sick, and then, it’s gone). And it’s not Bezos’ greed that bothers you but these lazy Thirteen-Thousand-Naires? Some of your listeners may think you’ve gone socialist but a free market would sort things out just fine. Let’s be real, lots of people, poor, rich and in the middle made out OK during the Corona.Someone who didn’t lose their job got $2 billion, the other who lost their job got $5,000. Food was provided at the camps and you would work 24hours on and then 12/12 there after. i love when beauty and power and strength aren’t just wasted on the shallow or the whores.much love, Wolf. People here actually try to have a serious discussion about these issues.I’m going to have to move my sorry @** back to the empire and double my income when Uncle Sam’s party piñata goes down.I have at least five people in my family who have gone on unemployment since March. We chose to finance the research this way to enrich pharma execs.While there are big problems with the pharma pricing system, patent protection is very important- it saves and improves millions of lives.Part of the problem, so I have read, is that if the US does not offer some kind of subsidy/price break for pharma products, other countries will simply not honor the patent.No profit (big profit), no new pharmaceuticals.

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