Federal Reserve had to RESCUE markets with $128 Billion & re-start Quantitative Easing!!
Out of nowhere today, the worst shock to the US economy since the 2008/9 crisis was quietly announced by mainstream outlets. The Federal Reserve has conjured 53 Billion US Dollars from thin air, to stop a total collapse of the overnight lending market, a key part of the global financial system. And since it wasn't enough to fix the issue, another 75 Billion is being created tonight, in the hopes of preventing other unique one-time interventions.
CNN notes this move is unprecedented, and that it likely means the full return to QE (quantitative easing), where the FED essentially buys treasuries, inflating their way out of the debt.
Normally, this is a bullish signal for both equities (stock markets) and commodities (like gold and silver bullion).
I think it's also bullish for cryptocurrencies.
DRutter
Isnt another round of currency-creation just what everybody needs right now though? More helicopter money? More QE to infinity and beyond? (Sarcasm)
Wow the conspiracy theorists were right AGAIN. People have been saying the crash wasnt over and the recovery was fake, for years. Finally it all starts to unravel at the seams!!
I agree with you, and this is good analysis, but you'll never get any upvotes with a crappy thumbnail like that! You're still using MSPaint to make thumbnails? Get professional, guy!!
Doesn't matter.
This is very bullish for PMs and probably cryptos and stocks.
It means the crisis of 2008/9 actually never ended. They just delayed the eventually hard collapse. Be ready for anything!
I think this is bullish for everything priced in fiat currency.
#everythingtothemoon #keepitcoming #freemoneyfromnothing #whatcouldgowrong #whydidwethinkofthisbefore #wereallgonnaberich