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Econ facts....a glipse

Dow Crashes, Ending 11-Year Old Bull Market; In Bank Bailout, Federal Reserve Increases Daily Repo Cash Injections to $175 Billion, Plus $45 Billion in 14-Day Repos Twice a Week and Three One-Month Loans of $50 Billion Each, for a Total of $270 Billion to Be Pumped Out on Thursday

Trump Hosts Wall Street Zombie Bankers to Peddle Big Lie That There Is No Financial Crisis, Blaming Everything on Pandemic and Russian-Saudi Oil Price Manipulation; In Reality, Main Cause of Incipient Depression Is Trump Himself, via 2017 GOPTaxScam and Stock Buy-Backs by Corporations, Wild Deregulation, and Fed Repo Injections in

Excess of $7 Trillion Since Mid-September. 

 

Trump's Bestest Ever Economy:
-Focusing solely on financial speculation at the expense of production
-A casino economy relying on fraudulent, pyramided derivatives
-Fed injecting $150,000,000,000 nightly into the Repo Market

Honored Social Butterfly

@IrisP632884 
It's so true. No solid foundations anywhere. I'm sure that trump will blame Obama for this downturn, trump is blaming others, but not himself. 
A couple of things have become apparent, the virus does not pay any attention to Twitter, and people do not believe what trump is telling them...so many lies, such little to no credibility!

 

ITYS

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The president on Wednesday blamed a federal agency decision during Barack Obama’s presidency, which Trump said made it harder to quickly roll out testing for the virus. “The Obama administration made a decision on testing that turned out to be very detrimental to what we’re doing, and we undid that decision a few days ago so that the testing can take place in a much more accurate and rapid fashion,” he told reporters during a White House meeting with airline executives, whom he had called to discuss the economic effects of the outbreak.

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