The Fed rate move followed a conference call between the G7 group of industrialised nations to discuss a coordinated response to the Covid-19 crisis. The group issued a joint statement saying they would use all appropriate policy tools to "safeguard against downside risks".
they simply refuse to do what works, and keep doing what obviously hasn't worked in the past
every time there's a problem, lets go "quantative easing" or "let's cut interest rates"
has it ever worked before? well, no, but maybe this time......
lets face it, if you're not gunna borrow money at 3%, you're still not gunna borrow at 2.5% either, and if you dont have a loan, it doesnt help you one bit, and if you have money in a term deposit, you're gunna go backwards
what worked for Donald Trump?
cutting taxes, cutting regulations,
would it work for the rest of the world?
obviously, but they wont do it, cause they are so ideologically opposed to doing it
