Don’t be fooled by the Paycheck Protection Plan and/or the stimulus payments to people.
Since March 11, the Fed created $1.77 trillion and handed it to Wall Street both as loans or to buy monetary devices. The sole objective of this was to inflate asset costs and bail out asset holders. It’s apparently in opposition to the legislation in the US for the Fed to enable the rich to lose their shirts, or one thing. The crumbs supplied to small companies or the actual economic system haven’t materialized but. Those are future tasks, in the event that they ever materialize.
If the Fed had despatched that $1.77 Trillion to the 130 million households in the US, every family would have obtained $13,600. But no, this was helicopter cash solely for Wall Street and for asset holders.
Source: wolfstreet.com, emphasis mine.