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Shock And Awe: Fed Cuts Rates To Zero, Announces $700 Billion In QE, Enhances Swap Lines

Now this a "whatever it takes" moment.

Now this a "whatever it takes" moment.
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15 comments on “Shock And Awe: Fed Cuts Rates To Zero, Announces $700 Billion In QE, Enhances Swap Lines

  1. Fingers crossed.

  2. Anonymous

    Beware the ides of March.

  3. Sadly, Mr President, interest rates are not the problem holding back the economy. The cuts will provide little support.

    But maybe they will help support stock prices!

  4. Anonymous

    Trump on Monday: Powell is an imbecile! Not enough! Cut to -2.00%…!!!!

  5. Mr. Oxygen

    Are we still considered to be a capitalist economy?

  6. Do I hear short covering? Put monetization? The only thing that may have us revisit new lows is if the markets don’t bounce hard on Monday -then you’ll see real hysteria in the markets. Still these are good times for traders, and I’m hoping to put back on some puts when we’re way back above 3000 on the S&P. (volatility providing that is).

    • Anonymous

      Check the open in futures. Down 4% just a few minutes ago.

      At first blush, looks like another swing and a miss by Fed and Administration. #MAGA, bitches…!!!

      • I’d say wait until Monday at 8:30 am before you draw any conclusions. Right now too many large trades are still being unwound, that’s the likely culprit. I’m not making any claims that the market is heading in either direction, but up is more likely than down. Given all the turmoil nothing would surprise me.

        It would be funny if the big players took all the Fed’s QE money and shorted it.

  7. And the market loved it again!! Only 20 mins to limit down

  8. FED has really spooked the markets. They did what they had to, cant be faulted for this. But the markets seem to have realized how bad the situation is. Oh well, that friday bounce was a big fat dead cat. Poor kitty.

  9. I’ve not seen anyone do the math on lost sales tax or room tax revenue for state and local governments. What do those vacant rooms in NYC and Florida mean for revenue?

    For that matter what about lost state and local income tax payments from non-existent wages during shut-downs?

    Some municipalities will be sorely tested when these revenues shrink. As with individuals and companies, many government entities live the equivalent of paycheck to paycheck. Check your muni portfolio. The Fed may need a bigger boat.

  10. Monday should be fun! Brings back Lehman memories!

  11. $700MM QE ahead of a like amount of increased UST issuance – because the $1TR deficit will be $2TR before long.

  12. H-Man, the Fed just fired a BB gun at a charging rhino.

  13. Who made/is making money after last two Fed moves?

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