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?🤔
— M/I_Investments (@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”
— 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.
— Mike "Mish" Shedlock (@MishGEA) May 6, 2020
The feds balance sheet will be the larger than the entire economy when this is all said and done. Does that matter? I genuinely dont know. But im willing to bet there will be some unintended consequences along the way the fed didnt see and the politicians dont like. t.co/02JKXYwr5G
— hks55 (@hks55) May 7, 2020