The fallout: Fed says "too much hot money", calls for trans…
The fallout:
Fed says "too much hot money", calls for transition of monetary response to fiscal economic stimulus: Biden's friends get paid.
Fed takes tech stonks -20%, S&P -10%, to squeeze hot money.
Rent vouchers, food stamps, in lieu of no more checks
Replies
Sober people will say the problem is volatility- Nobody is allowed disrupt an orderly system.
Margin interest jacked up. Margin/Equity ratio limits reduced.
Options trading access more widely controlled.
RH limited to buying ETFs and large caps.
Worst case is they say too much of the hot money is tied to cryptos and they crack down on US crypto access hard