Stocks poised for more losses Monday even as Fed intervenes to try to calm markets

“Monetary and fiscal policy need to work together to bridge the next several months until the virus recedes and the economy gets back on its feet,” says Michael Sheldon, chief investment officer and executive director at investment advisor RDM Financial Group at Hightower. “Actions by multiple central banks around the world should help over time, but greater fiscal policy will likely be needed to help those affected.

On Monday, Japan’s central bank expanded asset purchases to inject money into the economy and promised no-interest loans to help companies cope with the crisis. Global markets were battered overnight after China reported retail sales fell 20.5% from a year ago in January and February after shopping malls and other businesses were closed. Factory output declined by a record 13.5% after the Lunar New Year holiday was extended to keep manufacturing workers at home.

The figures were even bleaker than economists expected. Some cut their forecasts for the world’s second-largest economy. ING said this year’s growth might fall as low as 3.6%, the weakest since at least the 1970s. Overseas, Paris tumbled 9% shortly after the open, London sank 7% and Frankfurt gave up 7.5%. Sydney’s benchmark plunged 9.7%, Hong Kong’s Hang Seng lost 3.4% and India shed 5.9%.

Margin calls, over leverage REIT, hotel franchises have big problems

Stupid markets what’s wrong with that?

Trump suggestion to deal with homeless teens, a good beating. Even though, the 1 Reason we have homeless teens is Foster/Adopted kids who no longer receive state aid being abandoned by their families.

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Pro-Life Republicans BLOCKED RAISING THE STARVATION MINIMUM WAGE 10 years in a row. REPUBLICANS ARE MERCHANTS OF DEATH!! Teen, young adult and elderly homelessness is skyrocketing, as is their suicide rate.

Pouring money into stocks will only drive up their price, good or bad. Just like a Mafia Pump and Dump.

Recession: “Here I come!”

Pumping money into the STOCK MARKET ONLY HELPS THE VICIOUS RICH. Remember Trump's Massive Vicious Rich Republican Tax Cuts were PROMISED TO GIVE US A BUDGET SURPLUS and didn't. Now Trump says he has to steal from Nana to pay the bill.

Of course. The fed did this because the economy is in horrible shape, so it only makes sense the stock market will take a nosedive. way to go, Trump.

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