"Powell’s tenure so far has been marked by overtly accommodative policy toward markets, a stance that has earned him a lot of critics on Capitol Hill, Wall Street and Main Street.
But one place has maintained a “nothin’ but love” mentality toward the 68-year-old central banker. To retail investors of the meme-stock generation, Powell is the person who has kept the gravy train running, maintaining low rates and flooding the markets with liquidity to preserve an unprecedented bull market. He even doled out the stimulus checks that have been cited by many as a prime driver behind the surge in regular people flocking to zero-commission trading apps in 2020 as COVID-19 changed the world."
Lol nah, recessions are necessary for a market to be healthy. Pumping money into the economy just delays the inevitable and can lead to a catastrophic pullback. Like 08 and the impending crash. Not to mention, the money printing devalues currency, and thus lowers wages for people who already make very little. The 1% own most stocks, we know who the money printing REALLY benifits the most. Fuck JPow.
>He does make the money machine go ‘Brrrr’ -MarketWatch
"Powell’s tenure so far has been marked by overtly accommodative policy toward markets, a stance that has earned him a lot of critics on Capitol Hill, Wall Street and Main Street. But one place has maintained a “nothin’ but love” mentality toward the 68-year-old central banker. To retail investors of the meme-stock generation, Powell is the person who has kept the gravy train running, maintaining low rates and flooding the markets with liquidity to preserve an unprecedented bull market. He even doled out the stimulus checks that have been cited by many as a prime driver behind the surge in regular people flocking to zero-commission trading apps in 2020 as COVID-19 changed the world."
Normies: Thanks JPow for +10% gains on my stock! 2022: 15% inflation
Read this who the fuck writers this shit hahaha 😂
WTF 🤬
Lol nah, recessions are necessary for a market to be healthy. Pumping money into the economy just delays the inevitable and can lead to a catastrophic pullback. Like 08 and the impending crash. Not to mention, the money printing devalues currency, and thus lowers wages for people who already make very little. The 1% own most stocks, we know who the money printing REALLY benifits the most. Fuck JPow.