Fed to inject $1.5 TRILLION into the economy
Posted: Thu Mar 12, 2020 1:22 pm
Interestingly enough, that is the amount of total Student Loan Debt in the US
https://time.com/5662626/student-loans-repayment/
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Fed to inject $1.5 TRILLION into the economy
https://www.championshipsubdivision.com/forums/viewtopic.php?f=10&t=51634
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Re: Fed to inject $1.5 TRILLION into the economy
Posted: Thu Mar 12, 2020 1:23 pm
Re: Fed to inject $1.5 TRILLION into the economy
Posted: Thu Mar 12, 2020 1:27 pm
That is Yuge..
Re: Fed to inject $1.5 TRILLION into the economy
Posted: Thu Mar 12, 2020 1:36 pm
Do people sign forms agreeing to terms when they contract Covid-19? Asking for a friend.dbackjon wrote: ↑Thu Mar 12, 2020 1:23 pm Interestingly enough, that is the amount of total Student Loan Debt in the US
https://time.com/5662626/student-loans-repayment/
Re: Fed to inject $1.5 TRILLION into the economy
Posted: Thu Mar 12, 2020 3:06 pm
It is a Federal Reserve Wall Street-orchestrated run on the banks for Republican Socialists in an effort to re-elect The Donald.dbackjon wrote: ↑Thu Mar 12, 2020 1:23 pm Interestingly enough, that is the amount of total Student Loan Debt in the US
https://time.com/5662626/student-loans-repayment/
It was also half the blank bill George Bush and Hank Paulson submitted in September of 2008 for their Golden Bailout Bucket of Taxpayer Cash.
We all know if Trump does anything, he does it bigly.
Re: Fed to inject $1.5 TRILLION into the economy
Posted: Thu Mar 12, 2020 3:17 pm
Wasn’t this really part of why the Fed was created?
Re: Fed to inject $1.5 TRILLION into the economy
Posted: Thu Mar 12, 2020 4:05 pm
Doing things in ways we can't even imagine.
Re: Fed to inject $1.5 TRILLION into the economy
Posted: Thu Mar 12, 2020 4:30 pm
Don't get me started Jon. Student loan debt is 30% the fault of tuition increasing and 70% the fault of people believing they should be allowed to attend any school to which they can be admitted.
Re: Fed to inject $1.5 TRILLION into the economy
Posted: Thu Mar 12, 2020 5:06 pm
Re: Fed to inject $1.5 TRILLION into the economy
Posted: Thu Mar 12, 2020 5:07 pm
Why would that matter?dbackjon wrote:Interestingly enough, that is the amount of total Student Loan Debt in the US
https://time.com/5662626/student-loans-repayment/
If you take out a loan you pay it back not everyone else.
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Re: Fed to inject $1.5 TRILLION into the economy
Posted: Thu Mar 12, 2020 5:27 pm
Interestingly enough, Bloomberg could pay off everybody’s loans with that 1 million bucks for each Americandbackjon wrote:Interestingly enough, that is the amount of total Student Loan Debt in the US
https://time.com/5662626/student-loans-repayment/
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Re: Fed to inject $1.5 TRILLION into the economy
Posted: Thu Mar 12, 2020 5:34 pm
Like your god king?ALPHAGRIZ1 wrote: ↑Thu Mar 12, 2020 5:07 pmWhy would that matter?dbackjon wrote:Interestingly enough, that is the amount of total Student Loan Debt in the US
https://time.com/5662626/student-loans-repayment/
If you take out a loan you pay it back not everyone else.
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Re: Fed to inject $1.5 TRILLION into the economy
Posted: Thu Mar 12, 2020 5:48 pm
CID1990 wrote: ↑Thu Mar 12, 2020 5:27 pmInterestingly enough, Bloomberg could pay off everybody’s loans with that 1 million bucks for each Americandbackjon wrote:Interestingly enough, that is the amount of total Student Loan Debt in the US
https://time.com/5662626/student-loans-repayment/
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Re: Fed to inject $1.5 TRILLION into the economy
Posted: Thu Mar 12, 2020 5:48 pm
Unless you are Trump, then you just declare bankruptcyALPHAGRIZ1 wrote: ↑Thu Mar 12, 2020 5:07 pmWhy would that matter?dbackjon wrote:Interestingly enough, that is the amount of total Student Loan Debt in the US
https://time.com/5662626/student-loans-repayment/
If you take out a loan you pay it back not everyone else.
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Re: Fed to inject $1.5 TRILLION into the economy
Posted: Thu Mar 12, 2020 7:13 pm
At least he didn't bitch about it. So what businesses use bankruptcy all the time.dbackjon wrote:Unless you are Trump, then you just declare bankruptcyALPHAGRIZ1 wrote: ↑Thu Mar 12, 2020 5:07 pm Why would that matter?
If you take out a loan you pay it back not everyone else.
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Re: Fed to inject $1.5 TRILLION into the economy
Posted: Thu Mar 12, 2020 7:51 pm
But Student loans are exempt from Bankruptcy...ALPHAGRIZ1 wrote: ↑Thu Mar 12, 2020 7:13 pmAt least he didn't bitch about it. So what businesses use bankruptcy all the time.dbackjon wrote:
Unless you are Trump, then you just declare bankruptcy
Interesting story behind that as well
Re: Fed to inject $1.5 TRILLION into the economy
Posted: Thu Mar 12, 2020 8:14 pm
Jesus really?
This place is a fucking joke anymore
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This place is a fucking joke anymore
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Re: Fed to inject $1.5 TRILLION into the economy
Posted: Fri Mar 13, 2020 10:25 am
I don't support student loan forgiveness but exempting student loans from bankruptcy is BS.Chizzang wrote: ↑Thu Mar 12, 2020 7:51 pmBut Student loans are exempt from Bankruptcy...ALPHAGRIZ1 wrote: ↑Thu Mar 12, 2020 7:13 pm At least he didn't bitch about it. So what businesses use bankruptcy all the time.
Interesting story behind that as well
Re: Fed to inject $1.5 TRILLION into the economy
Posted: Fri Mar 13, 2020 10:39 am
That was Soooo not the point. I agree it's bullshit to not let bankruptcy cover everything.
Startched shirt was combining two separate talking points
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Re: Fed to inject $1.5 TRILLION into the economy
Posted: Mon Mar 16, 2020 7:03 pm
I heard an analysis today where the Fed doing stuff right now spooks the markets because they interpret it as thinking it means the Fed thinks the economy is in deep doo doo. Thus the huge drop today after the Fed dropped rates to essentially zero.
Re: Fed to inject $1.5 TRILLION into the economy
Posted: Tue Mar 17, 2020 2:11 pm
When do I get my $1000 check? Figures we needed a GOP President to finally get the government handouts we deserve!
Re: Fed to inject $1.5 TRILLION into the economy
Posted: Wed Mar 18, 2020 5:44 am
We're screwed. It is the same playbook from August of 2007, except the US Surgeon General is now playing 'Baghdad Bob" from 2003 . . .
Economic Stimulus Act of 2008The law provides for tax rebates to low- and middle-income U.S. taxpayers, tax incentives to stimulate business investment ...
Historical Actions of the Federal Open Market CommitteeSince July, 2019, the Federal Reserve has cut rates 5 times . . .
Treasury yields fall after Fed cuts rates and launches new quantitative easing programQuantitative Easing __ Parts One, Two, Three, Four, and Five
Same ol' shiite - 'these purchases have no impact on the balance sheet and sterilized by Treasury sales' . . . until . . . 'there are hundreds of billions of 'unsterilized organic assets' purchased/backed by Treasury securities, and the balance sheet is further expanded '
The question is . . . will Trump, Mnuchin and Powell survive the next election __ like Bush, Paulson and Bernanke did.
Re: Fed to inject $1.5 TRILLION into the economy
Posted: Wed Mar 18, 2020 7:40 am
Let’s apply the JSO litmus test, shall we?Aho Old Guy wrote:We're screwed. It is the same playbook from August of 2007, except the US Surgeon General is now playing 'Baghdad Bob" from 2003 . . .
Economic Stimulus Act of 2008The law provides for tax rebates to low- and middle-income U.S. taxpayers, tax incentives to stimulate business investment ...
Historical Actions of the Federal Open Market CommitteeSince July, 2019, the Federal Reserve has cut rates 5 times . . .
Treasury yields fall after Fed cuts rates and launches new quantitative easing programQuantitative Easing __ Parts One, Two, Three, Four, and Five
Same ol' shiite - 'these purchases have no impact on the balance sheet and sterilized by Treasury sales' . . . until . . . 'there are hundreds of billions of 'unsterilized organic assets' purchased/backed by Treasury securities, and the balance sheet is further expanded '
The question is . . . will Trump, Mnuchin and Powell survive the next election __ like Bush, Paulson and Bernanke did.
If the Fed does it under Reagan, Bush, Clinton, Bush or Obama.... not worth a long thread..
If the Fed does it under Trump..... OMG STOP IT JUST SAY NO ARMAGEDDON P-FUNK
Re: Fed to inject $1.5 TRILLION into the economy
Posted: Wed Mar 18, 2020 8:19 am
I just want my $1000....OK? Just hand it over! It might be only table scraps but we all deserve it after the lost decade of billionaires!!! 
Re: Fed to inject $1.5 TRILLION into the economy
Posted: Wed Mar 18, 2020 11:47 am
If there's $1.5T to calm investors, why isn't there $1.5T to erase student debt. Do you know how many people are putting off financial purchases (home, car, vacation, weddings) b/c they have student loans? I agree - if you take a loan you should repay. But that doesn't really matter now that we've injected so much money into a system that rewards risk taking? Food for thought. Discuss.