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Daily Archives: September 16, 2020
90% of The Fed’s “Stimulus” Never Left the Building. $109B Did Hit Markets Directly. That is More Ripple Than Tsunami.
Everyone knows “a tsunami of Fed liquidity” been driving markets upwards since March. So why do I keep asserting the Fed’s recent stimulus had little real-world effect (ignoring a powerful placebo effect? (see post here) Because that Liquidity Tsunami is … Continue reading
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Comments Off on 90% of The Fed’s “Stimulus” Never Left the Building. $109B Did Hit Markets Directly. That is More Ripple Than Tsunami.