Curious as to how the Fed can buy ETFs and corporates bonds when they do not have the legal authority? Answer, the Fed and Treasury merged. Meet your new Fed chairman, Donald J. Trump.
I explain in my latest columnt.co/slWkkvLTgT
— Jim Bianco (@biancoresearch) March 27, 2020
An alphabet soup of new asset-buying programs will essentially nationalize large swaths of the financial markets, and the consequences could be profound.
debt was the cause.
debt is the cure.
rinse and repeat.influenza, virus, epidemic, pandemic come and go, you can’t have a global economic shutdown everytime.
This one exposed the cause, and they will cure it with ten times more debt. ZIRP/NIRP/QEfinity pic.twitter.com/y9uDv28ST4
— 𝘬𝘢𝘪 (@MacroTechnicals) March 27, 2020
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