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4 hours ago, pipedreams said:

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I read an article pertaining to California's Cancer labels on almost everything.  The interesting point of the article was that damn near anything would cause cancer in test subjects if you fed them large enough quantities of it. 

Bible says, "Moderation in all things".  I sometimes follow this.

Edited by janice6
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The Fed Will Pump Another $2.3 Trillion Into The Economy. Here’s Why This Time Is Different
Topline: The Federal Reserve announced on Thursday that it will inject another $2.3 trillion to prop up the American economy through a series of unprecedented emergency initiatives that will extend its reach to small and mid-size businesses as well as state and municipal governments.
 

 

  • The Fed will offer up to $500 billion in loans to states and municipalities through the purchase of municipal bonds and expand an existing corporate lending program (the Term Asset-Backed Securities Lending Facility) to include more classes of low-rated and riskier debt. 
  • Both of those actions are without precedent: the Fed has never exercised its ability to purchase muni bonds (to avoid picking and choosing the areas where it intervenes), and it has also been reluctant to wade into to lower-rated, riskier corporate credit markets.

https://www.forbes.com/sites/sarahhansen/2020/04/09/the-fed-will-pump-another-23-trillion-into-the-economy/#1546d60c2f28

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2 minutes ago, Dric902 said:

This is... surprising

 

Amazing Dems spend so much energy on so many things but were ultimately unable to come up with a candidate who can speak a single complete and coherent sentence. I have nothing against this man, he seems very nice, but he is clearly firing on few or possibly no cylinders

 

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Even the most dense of the Democratic party leaders knows this.  That's why there will be a last minute "hail Mary", some person that will suddenly appear as if by magic at the last minute, and claim to be able to right all that is wrong with the world.  In reality they will just be the same Devil in different clothes.

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Stocks surge as Fed rolls out $2.3T lending program

U.S. equity markets surged Thursday morning after the Federal Reserve's plan to provide $2.3 trillion in lending to households and businesses overshadowed a surge in jobless claims.

The Fed's initiative undergirds government efforts to combat fallout from the economic shutdown imposed to curb the spread of the COVID-19 pandemic. Traders were also awaiting the outcome of a virtual meeting between Russia, Saudi Arabia and other key oil players on curbing output to boost prices that cratered amid a price war.

 

remember, that’s not the financial market, that’s the equity market.
The fed has entered the commercial market

 

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Will OPEC's biggest production cut in history be enough?
 

It is looking more likely that OPEC and its coconspirator Russia will embark on the most significant oil production cut in history. Reports suggest that OPEC Plus -- that includes non-OPEC Russia -- will cut anywhere from 10 million to 15 million barrels of oil production a day. Russia reportedly is on board to cut output by 2 million barrels, easing concerns that they were not going to join cuts.

Algeria's oil minister is saying that OPEC will decrease by 10 million barrels a day and Kuwait's oil minster is suggesting the cut could go as high as 15 million barrels a day.
 

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