The FED makes history: now buying open market individual corporate debt.

[Snowball]

https://finance.yahoo.com/news/fed-...rate-bonds-in-secondary-market-180806282.html

In violation of its charter and mandate, the Federal Reserve Banking system of the U.S.A. is now purchasing
individual corporate debt on the open market.

 

[Warrior_of_Freedom]

the federal reserve system is the reason why my bank account gives me 10 cents of interest

 

[CCTelander]

Truth is love in an empire of lies. The truth hurts. They can't handle the truth.

Is there some reason why you've taken it upon yourself to disrupt and ruin otherwise good threads with your nonesense shitposting?

 

[TheCount]

I'm glad that the Fed is finally willing to Make America Great Again.


Imagine how Great we'd be if only they'd started this the very first time that our Dear Leader told them to.

 

[Origanalist]

Is there some reason why you've taken it upon yourself to disrupt and ruin otherwise good threads with your nonesense shitposting?

Somebody seriously needs to find something to do.

 

[oyarde]

Best I can tell they have been doing this since about 3/31 when they started loaning dollars to other central banks for treasuries. Which allowed these to get dollars without having to sell the treasuries on the market

 

[Krugminator2]

I'm glad that the Fed is finally willing to Make America Great Again.


Imagine how Great we'd be if only they'd started this the very first time that our Dear Leader told them to.

Well actually..... It was October of 1929 a couple of months ago. There was a corporate debt crisis. Mass bankruptcy loomed. The world as we knew it was coming to an end.

Then Superman stepped in and said he would print infinite money if that is what is what it took to stop Great Depression Part Deux. And it worked. Just by Superman saying he would do whatever it took, people were reassured and the mass liquidation stopped. And 99% of the population is too dumb to realize what was happening and what a hero Jay Powell is. Instead people like you will criticize Superman.

If I were Jay Powell, I would wear cape everywhere I went. Then I would laugh at depressionistas like you.

As far as current policy, he actually was extremely hawkish in the last meeting. He should say they will do more if that is what is needed. No need to be hawkish yet.

 

[devil21]

Best I can tell they have been doing this since about 3/31 when they started loaning dollars to other central banks for treasuries. Which allowed these to get dollars without having to sell the treasuries on the market

That has been going on since Sept 2019. See: repo market intervention.

On topic: this new bond-buying program is solely to prop up certain Agenda 2030 corporations as the banking system otherwise slowly crashes and regular debt markets dry up. It wasn't long ago that TARP's $750 Billion price tag was an outrageous amount of money. Now the Fed just prints it up and hands it out over a couple weeks like it's pocket change. Makes one wonder why there are even such things as income taxes when suddenly Covid has allowed mega-trillions to be conjured out of nothing to fund everything, seemingly without consequence. (the "consequence" comes later) Could it be that income taxes were never about "funding" anything?

 

[CaptainAmerica]

Communism

 

[oyarde]

That has been going on since Sept 2019. See: repo market intervention.

On topic: this new bond-buying program is solely to prop up certain Agenda 2030 corporations as the banking system otherwise slowly crashes and regular debt markets dry up. It wasn't long ago that TARP's $750 Billion price tag was an outrageous amount of money. Now the Fed just prints it up and hands it out over a couple weeks like it's pocket change. Makes one wonder why there are even such things as income taxes when suddenly Covid has allowed mega-trillions to be conjured out of nothing to fund everything, seemingly without consequence. (the "consequence" comes later) Could it be that income taxes were never about "funding" anything?

seems that way