Wait a minute…
I thought the housing market wasn’t the problem this time.
The Fed just bought a record amount of mortgage backed securities this last week.
It accounted for 84% of its most recent stimulus.
Looks like another part of the economy could be swimming naked. pic.twitter.com/J0DzekWJ4x
— Otavio (Tavi) Costa (@TaviCosta) May 14, 2020
Of course the former Goldman Sachs exec views stimulus as infinite. Wall Street banks know there's no other game in town. t.co/p0Z6GedpGg
— Nomi Prins (@nomiprins) May 15, 2020