Capitalist Stock Markets Hammered Again

Fed interventions not working

Hammered by Trump’s less enthusiastic report about the Coronavirus, the number of workers filing for unemployment and the drop in oil prices, the DOW lost 973 points yesterday, the worst day ever for the first day of a new quarter. Eighty-five countries have applied to the IMF for loans, double the amount asked for in the last recession. Even all the tricks of the Fed aren’t working.
Read in WSWS

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