The biggest problem right now is not a problem that can be solved by the Federal Reserve or goosing government spending. That problem is the problem of informational uncertainty on the infection and death rates of coronavirus. Only time and competence will solve that problem.
Note: Robinhood absolutely should not be stopping trading of GameStop. Market mechanisms include the reality that some people will attempt to game the market mechanisms -- and some will pay the price. Restricting who can buy and sell is using a hammer on free markets.
Pandemic Day 25: I made bread :)
Day 95: I sure do miss my friends
....
Day 310: The White House appears to be under the control of a shirtless man in a Viking helmet
Day 330: Reddit’s coordinated attack on Wall Street is going as planned
Why would regulators or stock trading platforms intervene to prevent free and fair trading of stocks? These short squeeze events will end in disaster for many, but that’s how the market works. If you intervene to prevent people losing money the market is broken.
@JasonIsbell When trump told Cruz he cheated to win Iowa, his wife was ugly and his dad killed JFK, Cruz told him if he didn’t watch it he would lick his other ball. In a real tough Texas voice. He’s a spineless slug w no self respect or value.
@JimGaffigan Somehow the people that most loudly proclaim their Christian values have aligned themselves with neo nazis, bigots and a violent mob that beat a police officer to death. Doesn’t sound like the Jesus I remember from Sunday School.