Do you think that we will see more risk taking by corporations now that the Fed is bailing them all out?
The Fed has printed $1.6 trillion in a matter of 4 weeks for just one of their many, many programs. That has never happened before. Not even close. Many big money managers have now gone all in, calling the bottom. Meanwhile, we are clearly about to face the most shocking economic collapse as millions of Americans have found themselves without a job, and no way to pay their bills. This cannot be turned around by a $1200 check in the mail. Brace for impact.
The Federal Reserve’s Recent Actions to Support the Flow of Credit to Households and Businesses – FEDERAL RESERVE BANK of NEW YORK
Wall Street feasts on federal coronavirus aid while Main Street starves
Coronavirus US: Thousands of cars line up at LA food bank | Daily Mail Online
Ruth’s Chris Steak House Gets $20 Million From Coronavirus Aid Program – WSJ
Tesla Seeks Rent Savings Amid Coronavirus Crunch – WSJ
Hedge Fund Managers Claiming Bailouts as Small Businesses – Bloomberg
Newsroom – American Airlines To Receive $5.8 Billion in Payroll Support From U.S. Department of the Treasury – American Airlines Group, Inc.
Jeff Bezos Gains $24 Billion While World’s Rich Reap Bailout Rewards
American hauls in $5.8B and asks Treasury for more (NASDAQ:AAL) | Seeking Alpha
IMF: Global economy to contract by 3% due to coronavirus
Goldman: Downturn will be four times worse than the financial crisis
JPMorgan Prepares for Wave of Defaults Linked to Coronavirus Shutdown – WSJ
JPMorgan Chase (JPM) earnings Q1 2020 show big decline
Coronavirus pushes annual deficit forecasts toward $4 trillion – Roll Call
Small-business funds dwindle as virus aid package sputters – Roll Call
Memos from Howard Marks
Stock-market investing strategy, recommendations for coronavirus: MS – Business Insider
Jim Cramer on ‘Mad Money’ viral pic: ‘Seething anger’ for Wall Street
Food supply worries grow after outbreak closes Smithfield meat plant | TheHill