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(MSN)   Nine $Trillion spent. The markets are looking golden again as the rest of the world gets showered   (msn.com) divider line
    More: Followup, Central bank, Monetary policy, Federal Reserve System, central bank, Bank of England support, Inflation, central banking, central banks  
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989 clicks; posted to Business » on 28 Sep 2020 at 2:16 PM (4 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



8 Comments     (+0 »)
 
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2020-09-28 10:33:05 AM  
Nobody is buying your debt though.
 
2020-09-28 2:37:47 PM  
What made the rescue all the more remarkable was this: Before the pandemic struck, a pressing concern at gatherings such as those in Davos, Switzerland, and Jackson Hole, Wyo., was that central banks were in no shape to fight a crisis given that interest rates were already so low. Not everyone was convinced pouring more cheap liquidity into financial markets would work again, given that a decade of easy money hadn't been enough to ward off the threat of secular stagnation.
Oof.
 
2020-09-28 3:01:40 PM  
The Fed did it's job, propping up the markets.

The Federal Government did not do it's job, propping up Main Street and individuals.

Hence the split.
 
2020-09-28 3:04:51 PM  
The US is a wealth cult.
 
2020-09-28 4:50:54 PM  
Bit of a recovery in the markets today.  But "it's a trap" as Admiral Ackbar would say.

We're still in for much more rough weather.
 
2020-09-28 5:24:23 PM  
Horrible monetary policy leads to horrible currency issues.

/more at 11
 
2020-09-28 5:29:30 PM  
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2020-09-28 10:29:25 PM  

Geotpf: The Fed did it's job, propping up the markets.


That's not their job.  Also, it's not what they did.
 
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