Question of the Day: Does Powell have the constitution to defy markets in less than three weeks time? https://t.co/6A0NmVLNmP
— Danielle DiMartino Booth (@DiMartinoBooth) February 27, 2020
“It’s clear that the policy makers at the Fed have decided to maintain a tough line even as markets began to go into this kind of panicky mode,” @DiMartinoBooth
“The Fed should have been preemptive when we started to see how bad things could get.”https://t.co/S8avMh37Ak— Danielle DiMartino Booth (@DiMartinoBooth) February 27, 2020
They will get the drugs out and find a way to crank the stock market back up because they have to. Might take a 25% correction though before they figure it out. Debt and future unfunded liabilities lever the US economy like 500 to 1. They don’t have a choice
— hks55 (@hks55) February 27, 2020
Dow: 5 months of gains wiped out in a week
-128
-227
-1,031
-876
-128
Futures: -350 to -400H/T @Mikes_Charts pic.twitter.com/TVefLj4BMF
— M/I_Investments (@MI_Investments) February 27, 2020
Because the Fed supplied so much stimulus to cut short prior recessions, the U.S. economy is now too leveraged to survive the next one. That’s why the Fed will do everything it can to delay the day of reckoning. But the longer it succeeds the more there will be to reckon with.
— Peter Schiff (@PeterSchiff) February 27, 2020