- The Fed announced a bold new initiative in an effort to calm market tumult amid the coronavirus meltdown.
- In all, the new moves pump in up to $1.5 trillion into the financial system in an effort to combat potential freezes brought on by the coronavirus.
- This was the second day in a row and the third time this week the Fed has stepped in.
- Stocks staged a sharp turnaround from earlier losses, though some of those gains were pared. Read More …
Opinion: QE5 anyone?
Excerpt from our post from February 13:
So now the cat is out of the bag. The Federal Reserve and every other central bank on the planet is set to create new money to pump into any economic weakness. It does not take a financial wizard to know that paying off a bunch of credit cards with new credit cards will lead to big financial trouble.
I’m guessing by the time this current crisis is over we will see QE10. Crank up the printing press baby, here we go…