Another day, another blood bath on U.S. stock markets. Despite the Federal Reserve firing off bazookas on Sunday by cutting interest rates to zero and unleashing a $700 billion quantitative easing program, equities tanked at the opening bell. Here is what the market looks like at the time of this writing: – Dow Jones: -2,083.54, […]
Archives for March 2020
Federal Reserve slashes interest rates to zero, unleashes $700 billion QE program – futures crash
The Federal Reserve slashed interest rates to zero percent and unleashed a massive $700 billion quantitative easing program on Sunday evening. This is in addition to the $1.5 trillion in repo market funding the central bank announced on Wednesday. Here is what the official QE4 (or QE5) will look like: $500 billion in Treasurys and […]
Jim Acosta says it is xenophobic to point out COVID-19 originated in China
Dear diary, pointing out the truth is xenophobia. First, Representative Alexandria Ocasio-Cortez claimed that not visiting Asian restaurants is racist. Then CNN’s activist Jim Acosta says that President Donald Trump pointing out that Covid-19 originated in Wuhan, China during his Wednesday primetime address to the nation is xenophobia. Do these people live in reality? Here […]
Will COVID-19 trigger the next bust? No, but it will make the economic collapse worse
By: Frank Shostak Global policymakers moved to ease public anxiety over the coming economic hit from the coronavirus as analysts warned of a severe slowdown in growth and a possible recession if the virus continues to spread. The US Federal Reserve cut interest rates on Tuesday, March 3, in an emergency move designed to shield […]
Dow Jones tanks 1,900 points despite Federal Reserve’s $1 trillion ‘big bazookas’
Not even the Federal Reserve could rescue the U.S. stock market. For the second straight day, the Fed announced that it will pump more than $1 trillion into the financial system to stop the bleeding. The central bank says it will unleash these “big bazookas” as CNBC described it: – $500 billion three-month operation. – […]