Fed throwing the farm at it.
If the DOW fails tonight it will be no coming back.
— The Great Martis (@great_martis) March 23, 2020
Now you know why Bullard went full Armageddon last night with his call for 30% unemployment and 50% drop in GDP.
They are all screaming fire in a movie theater of panicked people to be granted permission to do anything.
— Sven Henrich (@NorthmanTrader) March 23, 2020
Long-term Treasury yields are falling despite the Fed's stated policy to destroy their value with massive inflation because no private investor will own any to maturity. The Fed is about to buy the entire Treasury bond market. We are now a banana republic, without the bananas!
— Peter Schiff (@PeterSchiff) March 23, 2020
FED GOES ALL-IN ON JAPANESE CENTRAL BANK MODEL WITH A GLOBAL RESERVE CURRENCY. https://t.co/KYdQN6aMRF
— Brad Huston (@BradHuston) March 23, 2020