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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="Deleted member 2897" data-source="post: 705112"><p>The whole stock market has been crazy. It dropped 30%, largely over the unknown of are we heading into a recession, how bad might it be...at the time, nobody knew or guessed it would be this bad. It was all speculation. Then we went up 2000 points one day and the headline was "Dow surges 2,000 points after Trump announces global pandemic". Now we're getting all kinds of estimates of what the damage to our economy is - the Fed is predicting 30% unemployment and -25%+ GDP, and now the stock market is up 15% in 2 days.</p><p></p><p>The backwardsness of it is getting to the point that I'm wondering if we're printing trillions of dollars and buying equities with it. Mortgage rates have actually been going up because of the rush to cash and the banks not having enough of it. So its totally backwards to me that with nobody having enough cash people are actually buying equities right now like this.</p></blockquote><p></p>
[QUOTE="Deleted member 2897, post: 705112"] The whole stock market has been crazy. It dropped 30%, largely over the unknown of are we heading into a recession, how bad might it be...at the time, nobody knew or guessed it would be this bad. It was all speculation. Then we went up 2000 points one day and the headline was "Dow surges 2,000 points after Trump announces global pandemic". Now we're getting all kinds of estimates of what the damage to our economy is - the Fed is predicting 30% unemployment and -25%+ GDP, and now the stock market is up 15% in 2 days. The backwardsness of it is getting to the point that I'm wondering if we're printing trillions of dollars and buying equities with it. Mortgage rates have actually been going up because of the rush to cash and the banks not having enough of it. So its totally backwards to me that with nobody having enough cash people are actually buying equities right now like this. [/QUOTE]
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