Nobody can predict what will happen the next 24 hours.
But the bigger picture is getting clearer every day. #COVID19 crisis will probably lead to a monetary Reset
— willem middelkoop (@wmiddelkoop) March 19, 2020
Whatever it takes v2.0
*ECB ANNOUNCES EU750 BLN PANDEMIC ASSET PROGRAM
*ECB WILL CONSIDER REVISING ITS QE LIMITS
— Jim Bianco (@biancoresearch) March 18, 2020
🔥Federal Reserve just printed $700B
🔥European Central Bank just printed €750B
🔥Bank of England just printed £400B
🔥Bank of Japan just printed ¥12T
🔥People’s Bank of China just printed ¥550B
🔥South Korea just printed ₩11.7T— Ben Rickert (@Ben__Rickert) March 19, 2020
#BREAKING: London lockdown: Government to shut the city 'by the weekend' under Coronavirus Bill – @Telegraph t.co/53ISr0mDD8
— Amichai Stein (@AmichaiStein1) March 19, 2020
#ECB to buy up to 750 billion euros’ worth of securities, #bonds#FederalReserve provided Emergency #QE, Cut Rates To 0%, #Bank #Bailouts#BankofEngland #AndrewBailey, "#BoE's willing to pump unlimited quantities of money into the economy via its new commercial paper facility" pic.twitter.com/JFgGGLUvxR
— Planet Ponzi (@PlanetPonzi) March 19, 2020
One of the reasons industries are so short on cash right now is that they have spent billions buying back their own stocks instead of investing in their workers and saving for a rainy day.
That needs to be addressed NOW.
— Chuck Schumer (@SenSchumer) March 18, 2020
When I first said the #Australia Dollar would go to 40 people told me I was crazy.
We are halfway there…#AUD#TheCurrencyDownUnder#ThatAintACurrency pic.twitter.com/KXFQknQp1Z— Santiago Capital (@SantiagoAuFund) March 19, 2020
So far, the Fed has guaranteed the primary dealers, guaranteed the money market funds, and guaranteed the commercial paper market. Fine. And, who exactly guarantees the Fed? t.co/wsL8diagnr
— Jim Rickards (@JamesGRickards) March 19, 2020
what the market also learned in this virus exodus regarding former "flight to safe haven" instruments:
• HF margin calls
• forced-liquidation
• unwind carry trades
• US$ shortage
• huge bond supply coming• GOLD -14%
• BUNDS -6%
• JPY -8%
• CHF -6% pic.twitter.com/GFTktv0HZ8— 𝘬𝘢𝘪 (@MacroTechnicals) March 19, 2020
A huge sell-off in #commodity futures in #China.
Copper, Aluminium, Tin, Rubber, Cotton, PTA, Ethylene Glycol futures all hit limit-down.
Crude Oil futures tumble more than 7%. Fuel oil futures plunge nearly 10% pic.twitter.com/Gbm2gu5NxW
— YUAN TALKS (@YuanTalks) March 19, 2020
The Fed has made 7 big emergency moves this week alone. (And it's only Wednesday)
1. Slash rates to 0
2. Re-start QE ($700bn bond buy)
3. 0.25% loans to banks
4. Swap lines
5. Commercial Paper facility
6. Primary Dealer facility
7. Money Market facilityt.co/4Wp5qEm0Ri— Heather Long (@byHeatherLong) March 19, 2020