JUST IN: Some 900,000 workers in the U.S. lost their jobs and filed for unemployment insurance last week, the U.S. Department of Labor says. https://abcn.ws/3sJmqIo pic.twitter.com/KVrc3m95Hf
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Promise of free money. And few other places to put said money where it will get a good return.
You think people receiving stimulus payments are investing in the stock market? Money will enter the economy via goods and services but minimal amounts will be tied into investment. Markets like stability. Biden offers stability.
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Not talking about stimmy payments, talking about the fed giving banks money to loan for basically nothing and banks not needing to carry a reserve amount that is the free money I am referring to.
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