Impossible this time! Fed pumped 6 trillion into the market. They are literally buying any asset from anywhere. Got some fucked up loans? no worries the fed will buy it. They're even outright buying equity ETFs, a first.
What does it mean?
You don't expand the money supply by 9 trillion (congress spending 3) and not see inflation or hyperinflation. But oil collapsed last month!? why are we in a deflationary period then?
Throw your econ book away. Inflation only has one place to go....equity prices.
Impossible this time! Fed pumped 6 trillion into the market. They are literally buying any asset from anywhere. Got some fucked up loans? no worries the fed will buy it. They're even outright buying equity ETFs, a first.
What does it mean?
You don't expand the money supply by 9 trillion (congress spending 3) and not see inflation or hyperinflation. But oil collapsed last month!? why are we in a deflationary period then?
Throw your econ book away. Inflation only has one place to go....equity prices.
Wonder what the gov gonna do with the 20 trillion dollar profit in 20 years. Maybe clear the debt.