Fed Printing $75 Billion A Day! But the Global Economy Falls Into Recession Rapidly!

Do you think that most central banks will eventually buy stocks?

The central banks around the world are still reducing interest rates and printing more money. The Fed, the ECB, the Bank of England, RBA, and every other central bank are completely exhausting all options. “Helicopter” Ben and Janet Yellen have now suggested the Fed go where they have never been before. This is going to be wild.

 

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Coronavirus markets: Bank of America says the recession already here

www.cnbc.com/2020/03/19/bank-of-america-says-the-recession-is-already-here-jobs-will-be-lost-wealth-will-be-destroyed.html

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Ben Bernanke and Janet Yellen urge the Fed to buy corporate bonds

www.cnbc.com/2020/03/18/ben-bernanke-and-janet-yellen-are-urging-the-fed-to-buy-corporate-bonds.html

^N225 Interactive Stock Chart | Nikkei 225 Stock – Yahoo Finance

finance.yahoo.com/chart/%5EN225Philadelphia Fed Factory Index Slumps by Most on Record

finance.yahoo.com/news/manufacturing-philadelphia-fed-region-drops-123809299.html

Assets: Total Assets: Total Assets (Less Eliminations From Consolidation): Wednesday Level (WALCL) | FRED | St. Louis Fed

fred.stlouisfed.org/series/WALCL

Assets: Securities Held Outright: U.S. Treasury Securities: All: Wednesday Level (TREAST) | FRED | St. Louis Fed

fred.stlouisfed.org/series/TREAST

Assets: Securities Held Outright: Mortgage-Backed Securities: Wednesday Level (WSHOMCB) | FRED | St. Louis Fed

fred.stlouisfed.org/series/WSHOMCB

READ  European Central Bank President @Lagarde calls for global regulation of #Bitcoin, saying "the digital currency had been used for money

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Treasury Securities Operational Details – FEDERAL RESERVE BANK of NEW YORK

www.newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/treasury-securities/treasury-securities-operational-details

Bank of England’s QE programme is bigger than the City expected | World news | The Guardian

www.theguardian.com/world/2020/mar/19/bank-of-englands-qe-programme-is-bigger-than-the-city-expected

(1) Viraj Patel on Twitter: “Go big or go home from Bank of England. 15bps cut & £200bn QE (mainly govt bonds). Big purchases. BoE previously saw QE as a credit-easing measure too at times of market stress. So makes sense. BoE have now laid their cards on the table. Not a lot left in the monetary tank $GBP t.co/Bs0ibnsnlr” / Twitter

twitter.com/VPatelFX/status/1240650566658854913?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1240650566658854913&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fbank-england-joins-panic-parade-emergency-rate-cut-01-boosts-qe-ps200

Monetary Policy Summary for the special Monetary Policy Committee meeting on 19 March 2020 | Bank of England

www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2020/monetary-policy-summary-for-the-special-monetary-policy-committee-meeting-on-19-march-2020

Coronavirus: Philippine stock market plummets 24% after trading halt | Markets – Gulf News

gulfnews.com/business/markets/coronavirus-philippine-stock-market-plummets-24-after-trading-halt-1.1584583272412

Australia Cuts Key Rate to 0.25%, Adopts Yield Curve Control – BNN Bloomberg

www.bnnbloomberg.ca/australia-cuts-key-rate-to-0-25-adopts-yield-curve-control-1.1408638

The Time for 50-Year Treasuries May Have Finally Come – BNN Bloomberg

www.bnnbloomberg.ca/the-time-for-50-year-treasuries-may-have-finally-come-1.1408953

Consumers Face a Massive Credit Crunch. Lenders Are Still Figuring Out What To Do. – WSJ

www.wsj.com/articles/consumers-face-a-massive-credit-crunch-lenders-are-still-figuring-out-what-to-do-11584610200

(1) Sven Henrich on Twitter: “I think all the excess and reckless monetary policies of the past 11 years are directly responsible for the severity of this crash. It caused all this TINA nonsense, made people chase, distorted asset prices and left the world unprepared. And now they left themselves ineffective.” / Twitter

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(1) Kayla Tausche on Twitter: “As I just reported on @CNBC — Lawmakers are wary of bailing out Boeing, comparing it to AIG, a company that required government rescue only because of its own risky decisions. Based on current thinking, WH would have to make an extremely compelling case to change minds.” / Twitter

READ  Buffett indicator sounds the alarm. Global stock market cap has now topped 120% of global GDP, and thus the same level as before the crash in 2008.

twitter.com/kaylatausche/status/1240703010646319104

Investor Ray Dalio: US corporate losses from coronavirus to top $4T

www.cnbc.com/2020/03/19/investor-ray-dalio-estimates-the-corporate-losses-in-the-us-from-coronavirus-will-top-4-trillion.html

Global debt hits all-time high of nearly $253, IIF says

www.cnbc.com/2020/01/14/global-debt-hits-all-time-high-of-nearly-253-dollars–iif-says.html

Senator Dumped Up to $1.7 Million of Stock After Reassuring Public About Coronavirus Preparedness — ProPublica

www.propublica.org/article/senator-dumped-up-to-1-6-million-of-stock-after-reassuring-public-about-coronavirus-preparedness

 

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