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<blockquote data-quote="Up In Smoke" data-source="post: 4414714" data-attributes="member: 79702"><p>Let's remember this is a three legged monster we are dealing with. The stock market was over priced, a global oil war and coronavirus. So the Fed is emptying every chamber trying to settle down the markets and supply a backboard for all businesses large and small. The government is trying to pass bills that help people affected by the virus, but have not yet dealt with the oil war. We enjoy the $.50 per gallon discount, but the oil companies are tied to the banks. As oil companies begin to fail (much like mortgage backed securities did) the banks get drug down with them. I believe we are in the 1st inning of this financial ballgame. I keep hearing this phrase "you can't stimulate demand".</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 4414714, member: 79702"] Let's remember this is a three legged monster we are dealing with. The stock market was over priced, a global oil war and coronavirus. So the Fed is emptying every chamber trying to settle down the markets and supply a backboard for all businesses large and small. The government is trying to pass bills that help people affected by the virus, but have not yet dealt with the oil war. We enjoy the $.50 per gallon discount, but the oil companies are tied to the banks. As oil companies begin to fail (much like mortgage backed securities did) the banks get drug down with them. I believe we are in the 1st inning of this financial ballgame. I keep hearing this phrase "you can't stimulate demand". [/QUOTE]
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