There's a run on bonds & now mutual funds, too. And it's not about the banks, nosirree Bob! The fundamentals of the economy are strong!The Dow fell more than 900 points, leaving the index 2.8% lower than when President Trump took office. The drop culminated a staggering week of losses as the coronavirus impact took an economic toll.www.npr.org
I remember all those times the sycophants said Donald is wonderful because the stock market was strong. And that was literally the only they claimed which happened to be true at the time.
Now that its tanked and directly due to his actions I wonder if the sycophants will admit they were wrong to begin with, or admit he used to be good but now he sucks because the presidency is all about the stock market.
The Fed will receive $10 billion from the Treasury Department to cover potential losses in loans made to eligible financial institutions, to backstop the money market mutual fund industry.
The whole thing was teetering on a mountain of debt before covid19 showed up.