no dude the stock market is the economyReally?
Because this is just the first wave, the housing market and credit crunch.
Guess what? Businesses are not able to take on additional loans to help them through this tough time due to lack of credit availability. People are losing their homes. The Fed has lowered the rate to 1% and may end up having to go to 0%. The 2nd wave of this (which has already started) is going to be massive layoffs and businesses closing. Then of course this will cause a 3rd wave on a global import/export scale because we will not be able to export American-made goods since unemployment is so high, and we cannot afford as many imported goods except from China.
Even if the Fed pumping all of this money into the economy IS going to work, the effects won't be seen for 12-18 months. Until then, we are fucked and getting fucked worse every day.
Fun fact: Did you know that Toyota (with the support of China of course) is in serious talks to buy General Motors? I'll just let that digest, hopefully it will start to stick. Our economic policies of recent history (which are still continuing and not changing as of this day) have royally fucked us.
trust me its stabilizing kids lol!!!!!1!1!!11
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