SPDR S&P 500 (SPY)

[tw0122]

For every interest rate cut by the Fed Social Security retiree pensions must suffer the consequences.

The crybabies n Wall Street instigating a repo blowout to get some more free money from the Fed. While the central bank, as always, consoles those tantrum throwers, the Social Security Administration loses many billions of dollars annually in interest payments for every 1% cut to interest rates, i.e. the rest of the population pays for all the coddling of Wall Street