fed fomc

Waving Goodbye To Our $4.5 Trillion Friend…

Nothing profound, just a retrospective as we wave goodbye to our $4.5 trillion friend...

Nothing profound, just a retrospective as we wave goodbye to our $4.5 trillion friend...
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5 comments on “Waving Goodbye To Our $4.5 Trillion Friend…

  1. Anything on equity holdings?

    • I’m do not think that the FED ever bought US securities but I could be wrong.

      • doesn’t matter. it’s all tantamount to the same thing. when you create the circumstances under which investors have to chase down the quality ladder for yield, you might as well be buying equities. people abandon govies for corporate bonds, the yields on which fall which makes it doubly attractive for corporations to issue debt. there’s voracious demand and thanks to the voracious demand, borrowing costs are rock-bottom. then you take the proceeds from that debt and you plow it into buybacks.

  2. what could go wrong?
    i stole this sentence from Mr. H.–i simply could not think of anything to say but had to say something. kind of makes as much sense as this market we are all in.
    0–just thought of something.
    Quants away! run while you can!
    that was pretty good.
    sb

  3. Looking at your fast facts it’s hard not to believe the Fed has really overdone it. The old problem of thinking if one pill will help us feel better, ten will really make us feel over the moon. Now they are hooked and there is no Fed rehab.

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