LogFAQs > #942269516

Also, I think the cash flow situation for a lot of Americans has actually improved from before the virus because of all the money the government and Fed had put into the economy. With the PPP grants the government effectively covered small business payrolls for 24 weeks. With the unemployment bonus a lot of people are actually making more than they did when they were working. The Fed is now directly buying corporate bonds with printed money. Basically the only sector that isn't getting a huge cash infusion is medium sized companies too big to receive PPP and too small to get help from the Fed.

The ECB might be able to replicate this if they weren't run by economic conservatives. I say might, because since the Euro is not a world reserve currency like the US dollar, I'm not sure the market would just accept a plan to print trillions of new euros without freaking out and trying to flee to another currency.