Excellently stated Tweet of the day.
Also people don't get this negative interest thing at all.
A chicken and egg scenario involving the Fed has emerged. Who is following whom?https://t.co/j0gNNBx0CQ
— Mike "Mish" Shedlock (@MishGEA) May 19, 2020
The US economy was already weighed down by a proliferation of zombie companies before this crisis hit. It would seem doubling down to guarantee sclerotic growth the most logical path (nowhere). At least that’s the Fed’s thinking.https://t.co/yE0Rhs78jA
ht @jessefelder pic.twitter.com/tzPnRaYtOX
— Danielle DiMartino Booth (@DiMartinoBooth) May 19, 2020