Quote:
Originally Posted by RedFred
Raising interest rates by 2% is not going to cause the DOW to have its worst December since the Depression. The fuck do you think the interest rate was during Reagan? If you lived in America you wouldn't post such nonsensical retarded bullshit.
|
Stocks were high because companies were borrowing cheap money and buying back stocks
US companies spent $4T buying back their own stock
https://nypost.com/2017/08/19/us-com...eir-own-stock/