They say it’s not QE, but “the problem the Fed has with its communication is that the first month’s purchases are triple the size of the ECB’s newly announced monthly QE purchases. .. When it swims like a duck and quacks like a duck ..” @CapEconUS
— Carl Quintanilla (@carlquintanilla) October 11, 2019
fed continuing repo and launch of qe is probably to get ahead of upcoming turmoil – now what the fed sees that we don’t — is still to be determined.
— Alastair Williamson (@StockBoardAsset) October 11, 2019
Fed must be concerned about earnings season — launches “Not QE” before Q3 earnings season h/t @piptrain https://t.co/4ss0esYk6Q
— Alastair Williamson (@StockBoardAsset) October 11, 2019
Beginning innings of QE-4 https://t.co/WRN95bHKY1
— Alastair Williamson (@StockBoardAsset) October 11, 2019
So to recap…
-it’s easing, but not the Quantitative variety
-doesn’t induce animal spirits but does prevent sentiment from being crushed
-doesn’t stimulate the economy but does prevent a downturn
What communication problem? The Fed has confused everyone, as intended. https://t.co/hdKokJH1Aq
— Travis Bartley (@TravisDBartley) October 11, 2019