18 min listen
Unlimited QE and Why Markets Can’t Price In COVID19
FromThe Breakdown
ratings:
Length:
17 minutes
Released:
Mar 23, 2020
Format:
Podcast episode
Description
Last October, Ikigai Asset Management’s Travis Kling predicted that Central Banks would have to “juice QE to infinity” in order to save markets from recession. Yesterday on 60 Minutes, Fed President Neel Kashkari said “there is an infinite amount of cash at the Federal Reserve. We will do whatever we need to do to make sure there is enough cash in the financial system.” This was followed this morning by an announcement that the Fed was giving itself effectively unlimited capacity to intervene in markets. Markets were...still not impressed. In less than two hours, an initial gain had entirely retraced. On this episode of The Breakdown, @NLW looks at: Specifics details of the Fed Announcement Why FinTwit and Bitcoin Twitter are focusing on inflation Why some think that this action amounts to a nationalization of markets How the ‘money printer go brrr’ meme is taking hold
Released:
Mar 23, 2020
Format:
Podcast episode
Titles in the series (100)
Crypto Daily 3@3 - 7.16 | Libra Hearing Day 1 Recap - Senate Banking Committee: Libra's David Marcus testified before a relatively hostile Senate Banking Committee today. In today's we go over: 1) Facebook's trust problem; 2) the most important topics and themes of the questioning; 3) what it all means for Bitcoin. ... by The Breakdown