Wall Street Has Now Morphed Into A Full Blown Soviet Sausage Factory

[swag]

https://global-macro-monitor.com/2020/04/09/wall-street-has-now-morphed-into-a-full-blown-soviet-sausage-factory/

To paraphrase the police officer who told me my old neighborhood had burned down during the 2017 NorCal fires, “the markets are no more.”

After the Fed announced it is bailing out junk bonds today, Wall Street has now morphed into a full-blown “Soviet Sausage Factory.”

Jay Powell probably had no choice and needed to blunt the blow of another 6 million-plus print of new unemployment claims but isn’t Socialism and state intervention dandy?

We can understand providing support to local and state municipalities, now strapped with severe cash flow problems as their tax revenues have gone to near zero, but junk?

. . . more

[Hoyt]

1. One of the good things about countries like Denmark is that government, corporations,

work together for good of society.

[Sloumeau]

2. All we needed for Socialism to take effect was for the GOP to pick a total failure. :) nt