Quote from: Torque on March 23, 2020, 02:57:41 PM

Welp, it's over. The Japanification of the U.S. is now underway...

https://www.cnbc.com/2020/03/23/fed-announces-a-slew-of-new-programs-to-help-markets-including-open-ended-asset-purchases.html

"The Fed also will be moving for the first time into corporate bonds, purchasing the investment-grade securities in primary and secondary markets and through exchange-traded funds. The move comes in a space that has seen considerable turmoil since the crisis has intensified and market liquidity has been sapped."

Fed policy is shifting into a higher gear to try to help support the economy which looks like it is in freefall at the moment, wrote Chris Rupkey, chief finacial economist at MUFG Union Bank. The central bank is shifting from being not just the lender of last resort, but now it is the buyer of last resort. Dont ask how much they will buy, this is truly QE infinity.

Great way to help the rich, just buy their stocks for a good price, and support the stock prices! Surely money well spent. I'm sure it will trickle down to the real economy one day.

Edit, one thing tho , this kind of QE has proved to not do much for inflation. Most probably because the money does not trickle down to the real economy...