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The diminishing returns of monetary policy are evident.

June 27, 2020, 2:21 PM by Alex Mark

Federal Reserve Balance Sheet is now 37% of GDP on its way to 50%
The diminishing returns of monetary policy are evident. pic.twitter.com/HpRi8bI3tp
— Daniel Lacalle Official Account (@dlacalle_IA) June 27, 2020

Jerome Powell is the socialists banker.
— John Tuld (@BradHuston) June 27, 2020

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Categories On Wire

Business hotel defaults,large Mall bankruptcies,loan defaults,in a few months this start kicking in … market will open its eyes

What was the point of shutting down the economy if we were just going to re-open too soon, not wear masks & have mass gatherings leading to a second resurgence.