Tuesday, March 24, 2020

Yes, The Markets Are Broken

Hmmm ... corporations say they need government backing to ramp up production:

https://theintercept.com/2020/03/23/coronavirus-defense-production-act-trump/

I though the equity and bond markets were the place to raise money for commercial ventures. The fact they no longer serve this purpose proves what a bad joke they have become.

The entire US economy is a farce.

No comments:

Post a Comment