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These people will absolutely never own any responsibility for anything. No matter how good or bad the market is doing. (Which is a terrible metric to measure the overall health of the economy, by the way) Trump will always be ahead because his supporters will eagerly move the goalposts as far back as they need to go and more, just to excuse Trump’s failures. Same here. Hillary would have had some of the most intelligent, competent people filling the government. And they would have responded to this disease before the Nurses 2020 The Ones Who Saved The World Shirt. I’m sure the total number of confirmed cases in the U.S. would be much higher at this point. But the actual number of cases would be much lower.

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And it’s 100% his own doing. Markets don’t like bad news, but they can handle it. What markets hate is a Nurses 2020 The Ones Who Saved The World Shirt. All Trump cares about is reëlection, so he’s stuck. He thinks that if he radically expands testing and quarantines people will know that he lied and it will hurt him politically. If he doesn’t the market does not know how to correctly price the risk. So investors are just going to keep raising cash while they wait to see what happens. The injection was to stop a lockup in the financial markets. It was a blast of short term loans to banks to prevent liquidity from drying up. Banks exchange treasuries for cash and do pay interest ultimately on the whole ordeal.

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This lending rate is meant to be super low as it’s short term and the underlying asset being bought is essentially risk-free. The injection is meant to keep this rate low as when it spikes due to liquidity issues, problems arise. If it becomes expensive for banks to borrow money overnight to settle up positions then financial transactions can just stop. If banks cannot borrow that money they won’t have the liquidity to facilitate transactions. I was just talking about this to someone yesterday. Under Obama, the deficit blew up because of all the Nurses 2020 The Ones Who Saved The World Shirt. Since Trump took office, the deficit has been consistently increasing each year and is more than double what the deficit was when Obama left office despite the stock market growing considerably.

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