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IronLionZion

(51,057 posts)

11. We're just 2 months from the longest bull market in history

Reply to alp227 (Original post)

Mon May 18, 2020, 07:33 AM

May 2020

when markets were at all time highs. And the market is still quite high for the investor class. The WFH crowd has been still getting full salary and benefits. It's mainly the lower income workers being screwed hard during quarantine.

$3.2 Trillion of stimulus went somewhere, but apparently not to laid off workers or even many small business owners. Somebody got that money.

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Highlight:

Coronavirus: Fed chairman Powell warns downturn 'may last until late 2021' [View all] alp227 May 2020 OP

The Trump Slump sandensea May 2020 #1

And will get all the blame. JDC May 2020 #3

That's the worst part, isn't it. sandensea May 2020 #5

Trump better get this guy under control, he's telling the truth. dem4decades May 2020 #2

Wow. Newest Reality May 2020 #4

Gush up economics. Brilliant! PatrickforO May 2020 #10

Well, we'll let Biden be in charge of that. C Moon May 2020 #6

The language: 'downturn' for depression, 'outbreak' for pandemic appalachiablue May 2020 #7

All the more reason for a UBI. n/t area51 May 2020 #8

At LEAST until 2021. This is looking more like it will be a 5-year slog. SunSeeker May 2020 #9

We're just 2 months from the longest bull market in history IronLionZion May 2020 #11

Powell's absolute fealty to IL Douche... Wuddles440 May 2020 #12

I think he's angling to get congress to release more money to businesses Politicub May 2020 #13