For a period of time? Ha.
My god, this whole financial system is a mess and the little guy, the average citizen has no effing clue. None at all. Airlines are an easy example to explain .....
They cut planes, run at optimization -- fine, good, that's how business is done. They cram you in, give you shit service, charge you to bring a bag, to move your seat up, to board early, to sneeze. Oil drops, they keep prices the same. THe consumer pays and pays and pays and they make bank. They free cash flow out the ears. Then they take that money and buy back stock. They don't save it for a rainy day, they buy back stock because the C-Suite people have stock incentives in their plans. They don't have customer happiness plans.. they don't have employee hapiness plans. They don't give their employees more money. They don't up their 401-k match ... nope they buy stock. Hell, Boeing issued debt to buy back stock. All to prop up prices and so they could get fat bonuses and buy their 5th house and another fancy car. Then shit hits the fan -- and look, no rainy day fund. But what will we do without airline companiesss??@!!?. Fuck them. fuck all of these companies. let them learn their lesson. let Bezos buy an airline for all i care. Companies need to learn their lesson. But nope, we'll bail them out... the taxpayers do it again. They'll spin this as too big to fail and that they'll pay back with interest. It's all horseshit. The Fed is a joke that just prints money devaluing hard earned savings. These companies are like cracked out addicts. The Fed is the enabling parent. Instead of saying no, enough is enough, no bailout, no money. We give it to them. And they go out and use/buy. It took 12 year for a repeat. There's no consequences to leveraging up a balance sheet to the gills. Worst case scenario they bankrupt the compayn, chapter 11 and repeat again. or get a bailout. We've learned nothing from 2008, just heads in the sand as citizens.
This county is full of sheeple. Just follow whatever clown in congress or in power and act like they're smarter and know what they're doing. They dont. and wont. Ever. All events like this do is create bigger wealth divides. we're doing what we did in 2008 on a larger scale. how sick is it that we are 4 weeks from an all time high stock market (fake numbers -- terrible P/E ratios) but nonetheless 4 weeks from the top to the largest bailout in history? It's a sham, always has been.