Fed to inject $1.5 TRILLION into the economy

Post by **dbackjon** » 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/

BDKJMU · Post by **BDKJMU** » Thu Mar 12, 2020 1:27 pm

That is Yuge..

GannonFan · Post by **GannonFan** » Thu Mar 12, 2020 1:36 pm

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/

Do people sign forms agreeing to terms when they contract Covid-19? Asking for a friend.

Aho Old Guy · Post by **Aho Old Guy** » Thu Mar 12, 2020 3:06 pm

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 is a Federal Reserve Wall Street-orchestrated run on the banks for Republican Socialists in an effort to re-elect The Donald.

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.

Post by **kalm** » Thu Mar 12, 2020 3:17 pm

Wasn’t this really part of why the Fed was created?

Gil Dobie · Post by **Gil Dobie** » Thu Mar 12, 2020 4:05 pm

Doing things in ways we can't even imagine.

89Hen · Post by **89Hen** » Thu Mar 12, 2020 4:30 pm

dbackjon wrote: ↑Thu Mar 12, 2020 1:23 pm Interestingly enough, that is the amount of total Student Loan Debt in the US

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.

Skjellyfetti · Post by **Skjellyfetti** » Thu Mar 12, 2020 5:06 pm

ALPHAGRIZ1 · Post by **ALPHAGRIZ1** » Thu Mar 12, 2020 5:07 pm

dbackjon wrote:Interestingly enough, that is the amount of total Student Loan Debt in the US

https://time.com/5662626/student-loans-repayment/

Why would that matter?

If you take out a loan you pay it back not everyone else.

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CID1990 · Post by **CID1990** » Thu Mar 12, 2020 5:27 pm

dbackjon wrote:Interestingly enough, that is the amount of total Student Loan Debt in the US

https://time.com/5662626/student-loans-repayment/

Interestingly enough, Bloomberg could pay off everybody’s loans with that 1 million bucks for each American

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Post by **kalm** » Thu Mar 12, 2020 5:34 pm

ALPHAGRIZ1 wrote: ↑Thu Mar 12, 2020 5:07 pm
dbackjon wrote:Interestingly enough, that is the amount of total Student Loan Debt in the US

https://time.com/5662626/student-loans-repayment/
Why would that matter?

If you take out a loan you pay it back not everyone else.

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Like your god king?

Post by **dbackjon** » Thu Mar 12, 2020 5:48 pm

CID1990 wrote: ↑Thu Mar 12, 2020 5:27 pm
dbackjon wrote:Interestingly enough, that is the amount of total Student Loan Debt in the US

https://time.com/5662626/student-loans-repayment/
Interestingly enough, Bloomberg could pay off everybody’s loans with that 1 million bucks for each American

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Post by **dbackjon** » Thu Mar 12, 2020 5:48 pm

ALPHAGRIZ1 wrote: ↑Thu Mar 12, 2020 5:07 pm
dbackjon wrote:Interestingly enough, that is the amount of total Student Loan Debt in the US

https://time.com/5662626/student-loans-repayment/
Why would that matter?

If you take out a loan you pay it back not everyone else.

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Unless you are Trump, then you just declare bankruptcy

ALPHAGRIZ1 · Post by **ALPHAGRIZ1** » Thu Mar 12, 2020 7:13 pm

dbackjon wrote:
ALPHAGRIZ1 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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Unless you are Trump, then you just declare bankruptcy

At least he didn't bitch about it. So what businesses use bankruptcy all the time.

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Chizzang · Post by **Chizzang** » Thu Mar 12, 2020 7:51 pm

ALPHAGRIZ1 wrote: ↑Thu Mar 12, 2020 7:13 pm
dbackjon wrote:
Unless you are Trump, then you just declare bankruptcy
At least he didn't bitch about it. So what businesses use bankruptcy all the time.

But Student loans are exempt from Bankruptcy...
Interesting story behind that as well

ALPHAGRIZ1 · Post by **ALPHAGRIZ1** » Thu Mar 12, 2020 8:14 pm

Jesus really?

This place is a fucking joke anymore

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Post by **UNI88** » Fri Mar 13, 2020 10:25 am

Chizzang wrote: ↑Thu Mar 12, 2020 7:51 pm
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.

But Student loans are exempt from Bankruptcy...
Interesting story behind that as well

I don't support student loan forgiveness but exempting student loans from bankruptcy is BS.

ALPHAGRIZ1 · Post by **ALPHAGRIZ1** » Fri Mar 13, 2020 10:39 am

UNI88 wrote:
Chizzang wrote: ↑Thu Mar 12, 2020 7:51 pm But Student loans are exempt from Bankruptcy...
Interesting story behind that as well

I don't support student loan forgiveness but exempting student loans from bankruptcy is BS.

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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JohnStOnge · Post by **JohnStOnge** » 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.

mainejeff · Post by **mainejeff** » 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!

Aho Old Guy · Post by **Aho Old Guy** » Wed Mar 18, 2020 5:44 am

mainejeff wrote: ↑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!

We're screwed. It is the same playbook from August of 2007, except the US Surgeon General is now playing 'Baghdad Bob" from 2003 . . .

The law provides for tax rebates to low- and middle-income U.S. taxpayers, tax incentives to stimulate business investment ...

Economic Stimulus Act of 2008

Since July, 2019, the Federal Reserve has cut rates 5 times . . .

Historical Actions of the Federal Open Market Committee

Quantitative 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 '

Treasury yields fall after Fed cuts rates and launches new quantitative easing program

The question is . . . will Trump, Mnuchin and Powell survive the next election __ like Bush, Paulson and Bernanke did.

CID1990 · Post by **CID1990** » Wed Mar 18, 2020 7:40 am

Aho Old Guy wrote:
mainejeff wrote: ↑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!

We're screwed. It is the same playbook from August of 2007, except the US Surgeon General is now playing 'Baghdad Bob" from 2003 . . .

The law provides for tax rebates to low- and middle-income U.S. taxpayers, tax incentives to stimulate business investment ...
Economic Stimulus Act of 2008

Since July, 2019, the Federal Reserve has cut rates 5 times . . .
Historical Actions of the Federal Open Market Committee

Quantitative 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 '
Treasury yields fall after Fed cuts rates and launches new quantitative easing program

The question is . . . will Trump, Mnuchin and Powell survive the next election __ like Bush, Paulson and Bernanke did.

Let’s apply the JSO litmus test, shall we?

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

mainejeff · Post by **mainejeff** » 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!!!

Post by **Ibanez** » 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.

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Fed to inject $1.5 TRILLION into the economy

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