OP03-24-2020, 11:59 AM
(This post was last modified: 03-24-2020, 12:00 PM by louka.)
"Bitcoin, Gold Spike up as Fed Unveils Unlimited Coronavirus Stimulus Package"
If you do not know how a stimulus works, this is my view on it,
President Donald Trump has been negotiating with congress into the Stimulus Package, one idea that seems to be catching on is a check of up to $1,200 to each American. This may provide relief for some families but are unlikely to help lift up the economy.
The Federal Reserve "we just call them the Fed's for short"
announced it is slashing interest rates to zero and buying hundreds of billions of dollars in bonds.
This is good for the economy but not so good for calming down the greatly falling economy.
The purpose for the stimulus act was not just for the falling economy, but to help prevent the expansion of a wider crisis.
This was all in fact because of one little virus: The Corona Virus.
COVID-19 has actually if you *do not pay attention to the stock market or what is happening around you* the biggest part of almost falling into a recession, just before turning into the great depression.
We have already seen the effects of part of the Stimulus plan: the stock market going up raising up from last night, as well as bitcoin. $5.8k - $6.6k almost a thousand or to say 10% in btc added.
What is your thoughts of the Stimulus plan?
If you do not know how a stimulus works, this is my view on it,
President Donald Trump has been negotiating with congress into the Stimulus Package, one idea that seems to be catching on is a check of up to $1,200 to each American. This may provide relief for some families but are unlikely to help lift up the economy.
The Federal Reserve "we just call them the Fed's for short"
announced it is slashing interest rates to zero and buying hundreds of billions of dollars in bonds.
This is good for the economy but not so good for calming down the greatly falling economy.
The purpose for the stimulus act was not just for the falling economy, but to help prevent the expansion of a wider crisis.
This was all in fact because of one little virus: The Corona Virus.
COVID-19 has actually if you *do not pay attention to the stock market or what is happening around you* the biggest part of almost falling into a recession, just before turning into the great depression.
We have already seen the effects of part of the Stimulus plan: the stock market going up raising up from last night, as well as bitcoin. $5.8k - $6.6k almost a thousand or to say 10% in btc added.
What is your thoughts of the Stimulus plan?
