Almost half of the Federal Reserve’s bond buying program is for companies who don’t need it.

Almost half of the @federalreserve's bond buying program is for companies who don't need it. pic.twitter.com/kz5tZu2mGw

— Brad Huston (@BradHuston) June 30, 2020

wall street cheers as stock market set for best quarter gain in decades while main street america set for highest unemployment since 1930s

— Alastair Williamson (@StockBoardAsset) June 30, 2020

Now what the MMT morons don’t understand the mechanics of is converting the Fed into a direct lender (essentially converting their liabilities to legal tender) and by-passing the banking system WILL cause hyper-inflation in goods and services. Not just stocks and bonds.

— GreekFire23 (@GreekFire23) June 30, 2020

Yield caps would reinforce low-rate pledges by committing to buy Treasury securities in whatever amounts are needed to peg certain yields at low levels https://t.co/vbbmEJLeQR

— Real Time Economics (@WSJecon) June 30, 2020