The Federal Reserve has gone down a path it cannot turn back from. It has gone towards the inevitable failure of the currency. There is no way that printing excessive quantities of fiat currency can ever work out well. They know this but that’s what is being done anyway. There are no historical examples of successful currency debasement and yet they’re all doing it. Sadly, people are enjoying this policy and believe this is somehow positive. How foolish.
Markets: Indexes, Bonds, Forex, Key Commodities, ETFs
Federal Reserve issues FOMC statement
www.federalreserve.gov/monetarypolicy/files/monetary20200916a1.pdf
The Fed’s New Dot Plot After Its September Rate Meeting: Chart – Bloomberg
Fed’s Lifeline to Main Street Flops With 99.8% of Cash Untapped – Bloomberg
Fed picks its side in inflation debate and sends market a message — no rate hikes for years
Fed expects to keep rates near zero through 2023 – POLITICO
www.politico.com/news/2020/09/16/federal-reserve-zero-interest-rate-416202
‘Don’t do it’ – studies flash sub-zero rate warnings to central banks | Reuters
cbankrates1109.PNG (871×560)
fingfx.thomsonreuters.com/gfx/mkt/ygdvzmoabpw/cbankrates1109.PNG
Super-Rich Step Up Big Stock Sales After Global Prices Surge – Bloomberg
Yelp data shows 60% of business closures due to the coronavirus pandemic are now permanent
Hotels facing a painful wave of permanent closures – SFGate
www.sfgate.com/travel/article/Hotels-permanently-closing-15569121.php
(10) Sven Henrich on Twitter: “The credit bubbles keep getting larger. t.co/uRaXD1Glb1” / Twitter
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