Just got word something VERY BIG just happened with the Fed
I have no idea what it means but my source seems to think it’s a very good thing.
7
Pledged to purchase corporate bonds to “float” the market.
Kinda like “kiting” a check.
Iss okey-doke.
They own the printing presses.
Fed Unveils Major Expansion of Market Intervention
Central bank will begin lending operations to unclog corporate and municipal debt markets
March 23, 2020 6:34 pm ET