Why not doing your own math? What do you think will happen to all those mortgage payments and loan servicing with people laid off? How are we supposed to fully recover quickly when people after the market low will be several months behind their payment schedules? I don't see a quick recovery looking at the current state of the economy and we may have a lot more downside in front of us without any miraculous vaccine or treatment. Do you see billionaires rushing to reorganize their corporations to manufacture masks and ventilators or do you see them retreated in their bunkers or on their yachts on remote waters?
The fed will never never never ever allow a depression, they would print trillions upon trillions upon trillions to keep everything form collapsing into a depression. They would probably hand us each $100,000!!!
fast recovery? I don't think so. Economic data was suggesting a recession was coming this year even before the virus was born. Numbers like unemployment gap, real fed funds rate, yield inversion, leading economic index, aggregate weekly hours, real retail sales, etc. These had all been flashing warning signs. The pandemic basically turbo charges what was already coming. Whatever stimulus they pump in will not stop this freight train.
The Fed does not give away gifts, it lends. It expands and shrinks its balance sheet. You keep on saying the same stupid thing over and over. Are you stupid and believe this stuff yourself or are you having other motivations? In 2019 it shrunk the balance sheet by almost a trillion. Are you just repeating the same theme all the time or do you actually also trade?