03-15-2020, 03:02 PM
I have no idea WTF the FED is doing now.
My take is more people are starting to come to grips with what is happening and are ready to ride it out. They aren't going to be looking to spend money except on essentials right now.
When the storm passes is when the stimulus actions should be done. Now the Fed has no tools to use when things get REALLY bad. Well, it could always print money and give it to everyone, hoping inflation does run rampant.
Brace for another equity market plunge this week. What happened last week was before anyone contemplated nation-wide shutdown or 0% Fed rates.
My take is more people are starting to come to grips with what is happening and are ready to ride it out. They aren't going to be looking to spend money except on essentials right now.
When the storm passes is when the stimulus actions should be done. Now the Fed has no tools to use when things get REALLY bad. Well, it could always print money and give it to everyone, hoping inflation does run rampant.
Brace for another equity market plunge this week. What happened last week was before anyone contemplated nation-wide shutdown or 0% Fed rates.