Australia's largest stock trading and investment forum Australia's #1 stock forum

GOLD

Click for more information

0.51%

$1,391.7 gold futures

gold, page-78552

First 78552 Last

Share
Profile

Follow
Skol

33,174 Posts.

1405

16/06/20

10:01

Post #: 45243114
Share

Originally posted by sydneyguy: ↑

Appart from this fab corporate bond buying

There was the opening of the Mainstreet Lending program - taxpayers guarantee 95 percent of the banks loan- 250k to 300 mIlllllion -

credit expansion with basically no risk - give the money out and if you can at least get 5 percent back from the assets - the taxpayers- I mean fed will pay you the rest and make you whole

everyone’s a winna

and when you consider mr borrower - borrowed big under the ppp- paid themselves a years wages- or ten years wages using the money- and they don’t have to pay back as its forgivable - so these borrowers have huge amounts of cash / wages on record and can now borrow even more—

everyone’s a winna

Expand

The Federal Reserve is in the business of keeping the US and world economy solvent, maybe you'd like to go back to pre-Fed days when there was series of colossal crashes and busts.

An example recently was LTCM, a crash which threatened the entire world economy, but the Fed organised a bailout which saved the day. You'll also notice a familiar name here....
Upvote

0 Great analysis

Reply

Top Stories

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Making money: How many microcaps should be in an investor's portfolio?

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

There are more pages in this discussion • 51,206 more messages in this thread...

First 78552 Last

Add GOLD (COMEX) to my watchlist