Danielle DiMartino Booth: “The Fed is so intent on Congress passing stimulus legislation because it has effectively run out of product. The Fed wants more treasuries to buy. The QE is what has kept the stock market levitated but done nothing for the 45% that don’t own stocks”

"The Fed is so intent on Congress passing stimulus legislation because it has effectively run out of product. The Fed wants more treasuries to buy. The QE is what has kept the stock market levitated but done nothing for the 45% that don't own stocks"t.co/tTvNP5PSlO

— Danielle DiMartino Booth (@DiMartinoBooth) October 5, 2020

"The (Fed's) model does as well as what’s in it, and it didn’t have an unstable banking system or synthetic collateralized-debt obligations backed by private residential mortgage-backed securities and credit-default swaps. And so it missed a housing bubble + financial crisis."🤦‍♂️ pic.twitter.com/JoCtsPvUiB

— M/I_Investments (@MI_Investments) October 5, 2020

Velocity of money pic.twitter.com/ZQvvKnk6BU

— zerohedge (@zerohedge) October 5, 2020