The Fed has cut interest rates effectively to zero. But that won’t solve the problem. If you are out of a job or your company is heavily indebted and running in the red, the bank won’t give you a loan. In a depression, economics terms interest rate cuts “pushing on a string”—a maneuver that doesn’t work.
T paid more in Dividend that Net income made last quarter, as The Fed has restarted the automated printing machines another device from the 2008 playbook: massive bond purchases to keep the bottom from falling out of the bond market. That can help, but only to a point.
The Fed and other regulators are paying for the sins of the 2010-2020 period.
letting a bubble economy get even bigger and more dangerous than last time.
And of course the rest of us suffer.