> those of us who knew this was coming
How does one join that club?
How does one join that club?
> When asked if the Fed would run out of ammunition to support the economy, Powell said no.
> “When it comes to this lending, we're not going to run out of ammunition. That doesn't happen," he said.
TLDR "Okay, so you're going to buy everything you can without any discrimination about price to hack around fiscal policy failure, good to know."
https://www.federalreserve.gov/newsevents/pressreleases/mone... (Federal Reserve announces extensive new measures to support the economy)
https://www.usnews.com/news/us/articles/2020-03-26/fed-chair... (Fed Chair Powell Says Will Provide Nearly Unlimited Lending)
I do expect that at some point this pumping of economies (by increasing money supply) will fail miserably. I am not really that confident of how to position myself to profit or at least not loose my wealth when it happens.
My position is in mostly in real estate that I purchased during the last housing bust period. Hopefully that turns out.
Yes, but it's not reasonable to expect them to say anything else. The moment they even seemingly waver in their commitment to back the markets, stocks would take a very deep dive. So they need to maintain the illusion.
https://www.cnbc.com/2020/03/18/ben-bernanke-and-janet-yelle...
That's not proof. But considering the markets have largely "recovered," I think it's safe to say that it was semi-public knowledge that this was in the works.