The velocity of US money collapsed…a LOOMING eviction crisis is coming… the demand for crude is weakening, permanent layoffs soar… A CREDIT CRUNCH…

Powell: Done Basically All of the Things That We Can Think Of

POWELL: THE MAIN STREET PROGRAM WOULD NOT WORK FOR MUCH SMALLER LOANS.

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Fed’s Mester: U.S. ECONOMY `IS STILL IN A DEEP HOLE’ ( That’s The Bottom Line )

Fed Mester: Recovery Will Require Very Accommodative MonPol, Fiscal Support, SAYS US HAS LOST ABOUT 6 YEAR’S WORTH OF GROSS IN TERMS OF ECONOMIC OUTPUT AND EMPLOYMENT…

 

Fed’s Clarida: Additional Fiscal Support Will Likely Be Needed for US Recovery

(VOTER) FED’S CLARIDA: ADDITIONAL FISCAL SUPPORT WILL LIKELY BE NEEDED FOR US RECOVERY. (VOTER) FED’S CLARIDA: IF FINANCIAL STABILITY THREATENS MAXIMUM EMPLOYMENT OR INFLATION GOALS…