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The Crash is Here 3/6/20


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20 minutes ago, DrStool said:

The Fed will announce another emergency rate cut on Monday. Probably 0.25-0.5 FF target. 

Or zero. It's a tossup. 

Doesn't mean a thing if they aren't printing money to buy paper.  A handful of voices are now calling for "fiscal" stimulus, with LIesman at Crapvision calling for a trillion.  That would add to the supply so the Fed would have something to buy. However anything over a nominal amount, like the $8bn for the virus, would take months to pass and more months to spend.  I'm sure they would just love to buy stocks but the law, if that makes any difference, says they can't or so I hear.  

While the financial market mechanisms were perfected for normal times they are nearing uselessness in these times. 

 Just in

Boston Fed guy says Fed needs to be allowed to buy more type of assets.  Ding ding.

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