During the economic collapse more than a decade ago, the central banks fired off the big guns to contain the situation. They were apparently blind to what was happening so their reactions were a bit late and extended the meltdown.
This time, the Federal Reserve and its merry band of money-printers went into warp drive and pulled the trigger on the big bazookas almost immediately.
A new chart from Bloomberg highlights how much net asset purchases the Fed, the European Central Bank, the Bank of Canada, and others have executed in just a single month. It will only continue and expand with or without a recovery.
Here is the chart:
Or, if you want a live look at what Fed Chair Jerome Powell is doing right now, then here you go:
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