WSJ Editorial Board: Fed "putting Wall St. ahead of companies across middle America." "Fed is protecting Wall St first." "Employing political discretion&picking winners & losers." Thought 2008 bailouts were bad? This looks to be worse. Fed's outta control https://t.co/z629cqoVQm
— fred hickey (@htsfhickey) April 10, 2020
https://twitter.com/QTRResearch/status/1248724251269529600
🤔🤦♂️"The Facility will leverage its equity at 7 to 1 when acquiring corporate bonds from issuers that are rated below-investment grade at the time of purchase…”https://t.co/dL7vUYk5ZE pic.twitter.com/kCL6RuoTa7
— M/1_LP (@MI_Investments) April 10, 2020
https://twitter.com/QTRResearch/status/1248723578163539972
Everything that is wrong with America, in one image. pic.twitter.com/ugrft95bAv
— Justin Horwitz (@JustinAHorwitz) April 9, 2020
https://twitter.com/jtepper2/status/1248496285570625547
"With the initiation of the Fed’s complete takeover and control of the US financial economy, there is now absolutely no accurate pricing discovery in the capital markets and we have entered a period of total manipulation."https://t.co/JcwEUw3RVT pic.twitter.com/w7aKJa5EWU
— Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) April 9, 2020
Longtime Wall Street trader Yra Harris quotes from back in 2017 on his fears about Fed Chair Jay Powell👇
cc: @DiMartinoBooth pic.twitter.com/rehAWLLkT0
— M/1_LP (@MI_Investments) April 10, 2020
Welcome to Hades. The Fed today has validated every conspiracy theorist. They’ve raised Jekyll from the dead. https://t.co/rFSO0Y2keW
— Danielle DiMartino Booth (@DiMartinoBooth) April 9, 2020
"By now, in our unique pandemic moment, something seems all too familiar. As in 2008, the most beneficial policies and funding will be heading for Wall Street banks and behemoth corporations." pic.twitter.com/e9pkaN2Mzg
— Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) April 6, 2020
Yeah yeah, I know money doesn't matter. But M2 y/y just went to an all-time record (I think 13.8% was the 1976 high). It's 34.5% annualized over last 13 weeks. What could go wrong? pic.twitter.com/Yzs0AA2rYR
— Michael Ashton (@inflation_guy) April 9, 2020
Gold Ends Highest Since October 2012 as Dollar Declines on Fed Printing
The “take away for gold is extreme bullish,” said Jeff Wright, executive vice president of GoldMining Inc. “This will lead over long term to a much weaker U.S. dollar.”