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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