Ray Dalio: This is BIGGER Than 2008! Fed Buying JUNK Bond ETF’s As Collapse Intensifies!
The Fed continues to seize control over the financial system. The suits and ties distract you with their antics. Puppets and nonsense keep your eyes off the important things that are going on. There is no merger between the Treasury and the Fed. There was no nationalization. The Fed has become even more powerful and those who used to stand against the horrible nature of a central bank have stood down, arms crossed, mission accomplished, right?
Assets: Total Assets: Total Assets (Less Eliminations From Consolidation): Wednesday Level (WALCL) | FRED | St. Louis Fed
https://fred.stlouisfed.org/series/WALCL
Federal Reserve unveils details of $2.3 trillion in programs to help support the economy
Fed Chair Powell says U.S. economy deteriorating with alarming speed
Fed Is Seizing Control of the Entire U.S. Bond Market – BNN Bloomberg
https://www.bnnbloomberg.ca/fed-is-seizing-control-of-the-entire-u-s-bond-market-1.1419755
Recovery law allows Fed to rope off public as it spends billions – POLITICO
https://www.politico.com/news/2020/04/09/coronavirus-recovery-bill-fed-records-176371
Coronavirus Crisis Legacy: Mountains of Debt – WSJ
https://www.wsj.com/articles/coronavirus-crisis-legacy-mountains-of-debt-11586447687
JPMorgan now sees economy contracting by 40%, and unemployment reaching 20%
Fed fires an even bigger bazooka, expands its shopping list to include junk bonds
Ray Dalio predicts coronavirus depression: ‘This is bigger than 2008’
IMF Sees World in Worst Recession Since Great Depression
https://ca.finance.yahoo.com/news/imf-sees-world-economy-worst-120000897.html
Bank of England to finance UK government Covid-19 crisis spending | Business | The Guardian