The Federal Reserve balance sheet has exploded to 33% of GDP.
However, it is massively lower than ECB (53.9%) or BOJ (102%)
Monetary insanity and central bank race to zero continue. pic.twitter.com/h25TEn06l1
— Daniel Lacalle (@dlacalle_IA) August 25, 2020
And why would the Fed let the banks buy stocks with RESERVES, since QE is nothing more than a reserve swap? Methinks people will believe anything to justify their long equity positions and risk taking.
— Steven Van Metre (@MetreSteven) August 25, 2020
The S&P 500 has been down only twice this month
— Hipster (@Hipster_Trader) August 25, 2020
In 3 out of the last 4 days $SPX has been rising or made new highs on negative internals. pic.twitter.com/HhQXWO0dog
— Sven Henrich (@NorthmanTrader) August 25, 2020
FED: WE NEED MORE FIREPOWER!!! pic.twitter.com/uJW5yR17ux
— Sven Henrich (@NorthmanTrader) August 25, 2020