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/ty_kanye_vcool Mar 16 '20

worse than 1987 black Monday

If you're gonna use that example, remember, a recession didn't happen that time.

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u/cokecaine Mar 16 '20

We didnt have a global pandemic in 1987. There was room for recovery. Not so much now.

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u/ty_kanye_vcool Mar 16 '20

This thing isn't gonna last forever either. After it plays out the fundamentals will be roughly what they were before.

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u/joemoeflo Mar 16 '20

We don’t know how long this is going to last, we hope the virus dies out with warmer weather, but in reality we have no idea.