BULLARD: "INTEREST RATES WILL REMAIN LOW LIKELY FOR YEARS"
How can any American afford to retire going forward in the Debt drowning world the Fed enabled for decades?🤔
$1M x 5% (5,000 yrs)
vs
$____ x 0%? 🤦♀️#RetireeMath@ericrosengren @RobSKaplan @marydalyecon @neelkashkari pic.twitter.com/IywCy96PKJ— M/1_LP (@MI_Investments) May 6, 2020
NY Fed to buy corporate bonds in early May.
Front-running the Fed & #Winning
“Investors have piled into bond ETFs in anticipation of the Fed’s purchases. BlackRock’s $20B HYG, the largest junk-debt product, attracted a record monthly inflow of $3.7B in April”
@markets pic.twitter.com/8m1iK8cywU
— Danielle DiMartino Booth (@DiMartinoBooth) May 6, 2020
You know it's Bullsheet when it concludes "we may need inflation"
The Problem is Not Deflation, It's Attempts to Prevent It@dlacalle_IA
The Fed's attempt to defeat CPI deflation fueled a destructive build up of unproductive debt with consequences.
https://t.co/lQm00hdYCW https://t.co/DaMBqfXgam— Mike "Mish" Shedlock (@MishGEA) May 6, 2020
https://twitter.com/hks55/status/1258226767199952898