/biz/ - Business & Finance

>>17934037
America is fucking cancelled if the unemployment goes to 20% like the fed predicts it might lol.

The reason the fed is giving out so much money for free is because they are substituting the value generated by the economy that is currently freezing. Businesses not making money need to pay employees, so they borrow money cos they can't sell their products. People aren't working so they struggle to survive so they borrow. Corporations can't generate wealth because supply chains are blocked up and markets are seizing up and crashing due to panic, so they cover their losses by borrowing.

They're putting us on borrowed time anon. They're flash freezing the good economy from feb, putting it in the fridge and hoping the microwave defroster works in September.

If we can ride out the storm and get the economy rolling again with 5% unemployment somehow we can ride out the inflation for 30 years by blowing up our population and giving insane tax breaks to manufacturing and production industries. If we can preserve some of our current workforce and shovel in millions of stupid migrants to work shit labour jobs then we can temper the storm and weather out the inflation.

I managed to snap this photo of the trading room floor today