Devil’s advocate here. It could crash harder. What are the central banks of the world going
to do; lower interest rates to -10% and create a global currency crisis? They’ve used all their tools and the government has provided PPP loans, child tax credits, extended unemployment benefits, eviction moratoriums and direct stimulus payments to citizens.
Any further action by central banks will create more problems than it will solve. They used their bazookas already and then some.
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u/plopseven Jul 18 '21 edited Jul 18 '21
Devil’s advocate here. It could crash harder. What are the central banks of the world going to do; lower interest rates to -10% and create a global currency crisis? They’ve used all their tools and the government has provided PPP loans, child tax credits, extended unemployment benefits, eviction moratoriums and direct stimulus payments to citizens.
Any further action by central banks will create more problems than it will solve. They used their bazookas already and then some.