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 columnhttps://t.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.
https://twitter.com/MacroTechnicals/status/1243497609295257600
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