Question

What actions US Senate has taken for the 2020 market crash, are they working and how do you comment on those actions?

Answer 1

The coronavirus induced market damage has been profound in al the economies of the world including the develop nations the the United states. The US senate has taken the following non exhaustive measures to revive the market and boost economic stimulus of the economic recovery

No	Actions
1	Senate is planning for the largest economic recovery packge of $500 Billn as a stimulus to the major US economy for the revival from the pandemic hit situation
2	Fudings were provided to all the educational sector including the schools and colleges and unemployment based benefits were provided for the public
3	Reforms in the direct and indirect taxation with deferrals have be allowed by the senate with the creation for deferred tax assets and liabilities for the corporates
4	Asset backed CP were revived based on the Funding facility for the Commercial papers
5	Overnight and term based fundings were provided under the Credit facility for the primary dealers
6	Loans were made available from financial institutions and the liquidity measures from the money market funds were restored
7	Credit Flows were improved to the consumers and the business and for the small business which were the worst hit by the economic depression

All the following set of actions have promptly revived the economy which is evident from the indicator indices of the stock markets. During the market crash there were consecutive days when NYSE and NASDAQ both hit the circuit and trading were halted due to the massive selloff an panic . the confidence e in the market has already revived and the growth pace is yet adjusting with the normal pace .

Thanks