I was assuming there would be a huge drop on Monday after all the news on the weekend. Even though this move was widely expected (and probably should have been priced in), maybe it wasn't. So who...
I was assuming there would be a huge drop on Monday after all the news on the weekend. Even though this move was widely expected (and probably should have been priced in), maybe it wasn't. So who knows?
The Fed also cut reserve requirement ratios for thousands of banks to zero. In addition, in a global coordinated move by centrals banks, the Fed said the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank took action to enhance dollar liquidity around the world through existing dollar swap arrangements.
[..]
The quantitative easing will take the form of $500 billion of Treasurys and $200 billion of agency-backed mortgage securities. The Fed said the purchases will begin Monday with a $40 billion installment.
They still haven't figured out that central bank activities aren't going to prop up the markets when there's constrained demand in multiple sectors for the foreseeable future. If ever there was a...
They still haven't figured out that central bank activities aren't going to prop up the markets when there's constrained demand in multiple sectors for the foreseeable future. If ever there was a time to put money directly into people's pockets, it's right now.
I'm sure they understand why that's a good idea. This seems to be well-known among economists and it's called "helicopter money". But unfortunately the Fed isn't legally allowed to do that.
I'm sure they understand why that's a good idea. This seems to be well-known among economists and it's called "helicopter money". But unfortunately the Fed isn't legally allowed to do that.
I understand that the Federal Reserve doesn't have the power to do anything else. The House of Representatives is doing what it can, and the Senate is expected to approve because Dear Leader has...
I understand that the Federal Reserve doesn't have the power to do anything else. The House of Representatives is doing what it can, and the Senate is expected to approve because Dear Leader has decided to show benevolence in an election year.
I was assuming there would be a huge drop on Monday after all the news on the weekend. Even though this move was widely expected (and probably should have been priced in), maybe it wasn't. So who knows?
From the article:
[..]
They still haven't figured out that central bank activities aren't going to prop up the markets when there's constrained demand in multiple sectors for the foreseeable future. If ever there was a time to put money directly into people's pockets, it's right now.
I'm sure they understand why that's a good idea. This seems to be well-known among economists and it's called "helicopter money". But unfortunately the Fed isn't legally allowed to do that.
I understand that the Federal Reserve doesn't have the power to do anything else. The House of Representatives is doing what it can, and the Senate is expected to approve because Dear Leader has decided to show benevolence in an election year.
So why am I not getting any calls back to refinance my house? Are they swamped?