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I agree the stock market is a big influence of the economy. Stocks are massively overvalued. There’s not enough available cash in existence if there’s big sell off on a major stock like Intel. Hence the need to print money. If the Fed didn’t intervene, that illusion of stocks actually having cash value would vaporise.
I agree the stock market is a big influence of the economy. Stocks are massively overvalued. There’s not enough available cash in existence if there’s big sell off on a major stock like Intel. Hence the need to print money. If the Fed didn’t intervene, that illusion of stocks actually having cash value would vaporise.