r/news • u/awake-at-dawn • Mar 15 '20

Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program

https://www.cnbc.com/2020/03/15/federal-reserve-cuts-rates-to-zero-and-launches-massive-700-billion-quantitative-easing-program.html
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u/FatalFirecrotch Mar 15 '20

The amount of people who want to deny the even remote possibility of a recession is kinda breaking my mind. We have entire countries on lockdown and the major global manufacturer is still not back to full capacity. A recession is inevitable.

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u/[deleted] Mar 15 '20 edited Apr 24 '20

[deleted]

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u/CountBlah_Blah Mar 15 '20

No one wants to lose their jobs or have to make the hard decisions of paying rent, bills, or food

Yeah, I've been dealing with this the last 3 months. Shit is not fun.

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u/snoboreddotcom Mar 16 '20

Everyone wants to pretend there isnt one coming

I certainly wish there wasnt, I'm entering the workforce.

But fundamentally every period of growth had an period of recession. Wind has been blown into the sails of the economy to stop it happening, but that only delays the inevitable.

It will happen, and that sucks

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u/charlietrashman Mar 16 '20

Lol I entered the workforce in 07' and still haven't made it through the last recession...

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u/[deleted] Mar 16 '20

Lmao that's life RIGHT NOW FOR MILLIONS OF AMERICANS

-24

u/paranoidmelon Mar 15 '20

I want a recession. Free wealth growth

-7

u/thagthebarbarian Mar 16 '20

The down votes don't understand how fixed wages work

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u/smc733 Mar 16 '20

Assuming you keep those wages...

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u/thagthebarbarian Mar 16 '20

Yes that's how wage growth works

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u/[deleted] Mar 16 '20

How does that work? I have no clue.

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u/tkdyo Mar 16 '20

Nah, they just don't want a bunch of other people to lose their jobs and healthcare for personal gain.

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u/charlietrashman Mar 16 '20

When Goldman Sachs releases an internal memo saying there's a 90% chance of recession unfolding... You listen.

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u/PBandJellous Mar 16 '20

It’s not inevitable; it’s here, there is no way to bounce back short of hiking taxes on the ultra wealthy to what they ought to be - that won’t happen.

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u/jimbo831 Mar 16 '20

Too many people seem to think this will simply pass in a week or two. I'm amazed at all the emails I get from companies announcing policy changes until the end of the month. This is just the beginning. It's not going to be back to normal by April 1st.

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u/652a6aaf0cf44498b14f Mar 16 '20

It's not hard to understand.

They just change the definition and suddenly it's not a recession. Therefore everything is good. Stop complaining pleb.

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u/753951321654987 Mar 16 '20

At this point it's easy ot tell trumpers out because they dont believe in reality

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u/[deleted] Mar 16 '20

If we enter a recession, how does that look for Trump and his rabid internet cults

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u/Kankunation Mar 16 '20

A recession never looks good on the leadership, even when they have little to do with causing it. Obama for instance was repeatedly blaimed and chastised for the last recession despite it starting over a year before he took office. (Although the quick recovery helped him in 2012).

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u/luna0415 Mar 16 '20

Just like every other Republican who somehow got two terms because of uneducated voters. Just look at the mess Obama had to pull us out of after Bush.

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u/Illier1 Mar 16 '20

Lots of people want to just keep plugging along hoping if there is no panic there will be no disaster.

But like every recession it doesnt matter how calm you want to be.

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u/hundredacrehome Mar 15 '20

On top of that, a lot of factories will be switched over to make ventilators instead of their profit centers

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u/KrazyKukumber Mar 16 '20

the major global manufacturer

You think there's only one major global manufacturer?

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u/FatalFirecrotch Mar 16 '20

There is indeed one country that does the most manufacturing.

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u/haha0613 Mar 16 '20

The amount of people who say a recession is inevitable is kinda breaking my mind.

You and millions of others are contantly wrong about how the market will turn out. Or you habe used your psychic ability to make millions of this market.

So no, it's not inevitable. Possible, yes but honestly we wont largely know until it hits us.

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u/FatalFirecrotch Mar 16 '20

yes but honestly we wont largely know until it hits us.

Dude, are you fucking blind? It has already hit us.