The Federal Reserve has expanded its balance sheet again. No surprise there. The government has long ago run out of funds, increasing their deficits at record speed. No surprise there either. The jobs are going away in many cases permanently. That puts extreme deflationary pressure on the economy as a whole. Which in turn gives the Fed an excuse to keep the printing presses rolling, funnelling money directly to their friends in high places. Now watch the docile many, cling to their $1200, beg and plead for more from the Federal Reserve, not knowing a single fact about them.
Assets: Total Assets: Total Assets (Less Eliminations From Consolidation): Wednesday Level (WALCL) | FRED | St. Louis Fed
fred.stlouisfed.org/series/WALCL
Americans Agonize Over $1,200 Relief Payments That Won’t Be Enough
www.bloombergquint.com/global-economics/at-kitchen-tables-agonizing-over-1-200-that-won-t-be-enough
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www.zerohedge.com/s3/files/inline-images/2020-04-16%20%282%29_0.png?itok=QoOxNe02
Cantor Plans Hundreds of Job Cuts in Break From Wall Street – Bloomberg
Guggenheim’s Minerd Sees Chance of S&P Falling as Low as 1,200 – Bloomberg
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www.zerohedge.com/s3/files/inline-images/SPX%20most%20concentrated%20ever.jpg?itok=e7i7B_NI
Give Me 5 Minutes and I’ll Prove Why You Must Sell All of Your Stocks and Buy Just THESE 4! – YouTube
www.youtube.com/watch?v=tFXLdyFQC9w
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www.zerohedge.com/s3/files/inline-images/bfm447C.jpg?itok=Bi8LzCy5
U.S. leading economic indicators sink record 6.7% in March as coronavirus spreads – MarketWatch
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www.zerohedge.com/s3/files/inline-images/2020-04-17_7-08-53.jpg?itok=GFJJ_LVX
Half of the world has asked the IMF for a bailout, chief says
www.cnbc.com/2020/04/15/half-of-the-world-has-asked-the-imf-for-a-bailout-chief-says.html
IMF says half the world has asked for a bailout – CNN
edition.cnn.com/2020/04/16/economy/imf-global-bailout/index.html
These 10 colleges are receiving the most federal bailout money
www.campusreform.org/?ID=14730
Tampa Bay Times gets federal loan to help with revenue losses caused by pandemic
Charlie Munger: ‘The Phone Is Not Ringing Off the Hook’ – WSJ
Moody’s May Cut $22 Billlion of CLO Bonds on Pandemic Losses – Bloomberg
Research: Rating Action: Moody’s downgrades Mexico’s ratings to Baa1, maintains negative outlook – Moody’s