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Economy Will Fed rescue the economy hurt by the virus?
2020.03.22 13:18
Fed will make up to $4 trillion in loans to businesses
to rescue the U.S. economy, Mnuchin says
At least for 3months, the economy will take a vacation. Debt payments and overheads of businesses
will not be met because the revenues from the business activities will be down or some will produce none. Individuals will lose jobs and they have to pay the bills and meet living expenses.
Where is 4 trillion dollars coming from? Treasury will print it. Not to worry! And the value of dollar
is going up during the pandemic. I applaud the mighty credit of American government.
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https://news.joins.com/article/23737133?cloc=joongang-home-newslistleft
[출처: 중앙일보] 미국, 무한대로 달러 풀어 '코로나 경색' 맞선다
America will print the astronomical amount of dollars and lend it to other countries,
companies in the U.S.A. and abroad. Local government will borrow the money.
Small businesses will borrow it, too. Many years later, America will make a lot of money.
So far I am proud of being a citizen of this mighty nation.