Last week:
"We want investors to price in risk like markets should"
– PowellToday:
“Fed will begin buying broad portfolio of corporate bonds” – Bloomberg
None of us own enough gold. pic.twitter.com/oJbW19pyYj
— Otavio (Tavi) Costa (@TaviCosta) June 15, 2020
The Federal Reserve is expanding its foray into corporate credit to now buy individual corporate bonds, on top of the exchange-traded funds it already is buying, the central bank announced Monday.
www.cnbc.com/2020/06/15/the-fed-says-it-is-going-to-start-buying-individual-corporate-bonds.html
You will never see this again for the rest of your life
There are hundreds of people in the US Government
that spend all day everyday
trying to pump the stock market higherAll day
EverydayAnd It’s going to end badly 😉@DiMartinoBooth @GaryKaltbaum @frugalprofblog #qe
— Reminiscences of an American Capitalist (@4Awesometweet) June 15, 2020
Fed Buying Individual Corp Bonds Adds Liquidity to Market – Corp bond defaults increase significantly, the Fed comes to the rescue of high quality bonds keeping a floor under the high quality bond market. @LanceRoberts @michaellebowitz @DiMartinoBooth @nomiprins #recession2020 pic.twitter.com/asmTO2zoUq
— Patrick Hill (@PatrickHill1677) June 15, 2020
When you copy Japan and Europe you get Japanese and European stagnation
*FED WILL BEGIN BUYING BROAD PORTFOLIO OF U.S. CORPORATE BONDS t.co/VhRylZSFJS
— Daniel Lacalle (@dlacalle_IA) June 15, 2020
Once again, the Federal Reserve cavalry rides to rescue the stock market with commitments to buy individual corporate bonds, over-paying and ignoring credit risk in the process. Soon investors will discover the savior brings destruction not salvation, for everything we cherish.
— Peter Schiff (@PeterSchiff) June 15, 2020
Financial communism
Financial communism pic.twitter.com/XfRfdSCJJn
— Wim Grommen (@wimgrommen) June 15, 2020
Everyone's trying to make ends meet. For example, $3.010 trillion in @federalreserve balance sheet expansion will only get you a few months of inflation expectations. At least, according to the latest @UMich #ConsumerSurvey. Money just doesn't go as far as it used to. pic.twitter.com/09x8LmJvpr
— Emil (@EmilKalinowski) June 15, 2020
2009: Cash for Clunkers
2020: Cash for Corporate Clunkers😉#fed #powell @DiMartinoBooth @TheDomino @GaryKaltbaum
— Reminiscences of an American Capitalist (@4Awesometweet) June 15, 2020
Doesn't this blatant corruption bother anyone in the press or in Congress?
Follow the money. #FedHistory pic.twitter.com/3NOQDM9Zjg
— Rudy Havenstein, Exceedingly Chill Autonomous Zone (@RudyHavenstein) June 15, 2020
Central banks have found themselves trapped by their own creation. Having gone too far warming up the party, no-one wants the pain associated with the extended hangover. Secret behind booming stock market in the face of #coronavirus t.co/dWliEb4q53 @abcnews @IanVerrender
— Nassim Khadem (@NassimKhadem) June 14, 2020