From Volkswagen To Apple To Dentists And Roofers: What The Fed’s Been Up To

From Volkswagen To Apple To Dentists And Roofers: What The Fed’s Been Up To

Those interested to know what the Fed bought recently as part of its efforts to support the corporate bond market got a fresh glimpse at Jerome Powell's portfolio on Monday. The latest update (which includes all bonds purchased through July 29) is a who's who of blue-chip US companies, Microsoft, AT&T, Coke, and Exxon, among them. The figure (below) shows the top issuers. If you wanted to, you could apply some spin to that list on the way to crafting a belabored, nationalistic lament. B
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5 thoughts on “From Volkswagen To Apple To Dentists And Roofers: What The Fed’s Been Up To

  1. It would be disconcerting to find that the Fed’s involvement is supporting share repurchases. I suppose there is a second-order moral hazard in that equities would lose the “risk” part of “risk asset” characterization.

  2. Actually no one of us would dare accuse Dr. H…….of postulating anything that resembles a conspiracy theory……I would say he knows the ropes on how they move goalposts around here though… Makes me wonder just what the level of desperation in the Halls of Govt.. is really like these days…Color me a skeptic ’cause I think the Glaciers are melting faster than the analyst expectations..

  3. Just another example of WTF. Corps that have more cash then treasury issuing 20-30 debt @ .05 percent interest hoarding cash to grow their monopoly. Notice how they never complete head to head

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