Quote:
Originally Posted by Chocaholic
I think 90% of the hysteria and panic is on TV and the news media. Go outside and things are fine. Just got back from a week long vacation in the Florida Keys. No hysteria to be found there or in the airports coming home yesterday.
Sure...there are idiots everywhere...and they have your toilet paper. The rest of us are just biding time until this too blows over.
At least we no longer have climate change to worry about! (That’s a joke).
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Well a little fear dropped the bottom outa the Global Equity markets.. I mean 2000 pts on the DOW in a day is gona catch your attention real quick...and CAUSED THE FED to shovel in 1.5T....500B a day to back stop Equities...and go to QE4.5...dey is gona be buying lots of paper...and dare one say Equities as well.
Ohh Daddy it is more than a little ole Virus that got things rollin down hill...the FED has been ratcheting up their REPO window activities steadily since September 2019.
Why that fact doesn't catch more peoples attention is beyond me???
So the FED balance sheet is going from 4.2T tooooo 5.7T with NO STOPPING IT... That is WHAT IT IS TAKING TO KEEP INTEREST RATES AND THE ECONOMY STABILIZED...otherwise everything just fkin evaporates... as you have seen in the past month...