Jerome Powell: "Let them eat stocks!!" https://t.co/kUfaVbEwqG
— PeakProsperity.com – Fed goes Brrrrrrr (@chrismartenson) June 29, 2020
The Fed’s Reckless Bailout Experiment
The Fed’s latest policies should put the issue to rest. But this may be a very costly experiment.
Federal Reserve Balance Sheet: 32.7% of GDP
European Central Bank Balance Sheet: 47% of GDP.
Bank of Japan Balance Sheet: 115% of GDP. pic.twitter.com/Wr2Z7OHs5O
— Daniel Lacalle (@dlacalle_IA) June 29, 2020