OK, there’s a rally, but it’s not like the 2009 or 1974 bottoms.
The Fed scheduled $123 billion per day in Treasury and MBS purchases this week. That’s a month’s worth of old QE per day. What about unintended consequences?
On March 3, the Fed converted Not QE into Panic QE. Since then it has pumped $766 billion in cash into Primary Dealer accounts. At the same time the US Treasury issued “only” $147 billion in new debt. So in essence, the Fed issued $619 billion in excess cash.
Other than the hyperinflationary implications, what good has it done? What does it mean for us looking ahead.
Hyperinflation is coming.
The last few remaining shorts ran for cover on the Fed’s announcing that it was going Conehead this morning. But here are the only things that matter for traders today
We knew this was coming. The Fed has to finance the $2 trillion econonmic rescue borrowing. The market can’t do it. So the Fed must print the money to buy it.
This all in gamble better work. Because if it doesn’t…
Check this out.
It looks that way, but it’s not out of the woods. The same goes for the mining stocks. This report shows what needs to happen. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to…
We have new short chart picks as a variety of methods point to a target of 1300 on the S&P. It should take years.
I can’t even. And still, the stock market melts down.
We are so effin doomed.