Fed’s Panic Accelerates Market Plunge

Fed’s Panic Accelerates Market Plunge

Mar 19, 2020 | Fed

Asia and Europe markets fell sharply Monday despite emergency measures by the Federal Reserve to calm investors. Australia stocks dropped almost 10% as investors grappled with the unknown economic impact of the global coronavirus pandemic. The sell-off continued...
The Fed Has Sufficient Tools—to Wreck the Economy

The Fed Has Sufficient Tools—to Wreck the Economy

Mar 18, 2020 | Fed

In its emergency announcement on Sunday evening, the Fed assured us that it “is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals.” The Fed put its...
The Federal Reserve Has ‘WEAPONIZED’ The Dollar

The Federal Reserve Has ‘WEAPONIZED’ The Dollar

Mar 16, 2020 | Fed

The Federal Reserve on Sunday slashed interest rates by a full percentage point to near zero and said it would buy $700 billion in Treasury securities, an aggressive step to insulate the U.S. economy from the coronavirus pandemic. “The coronavirus outbreak has harmed...
Why the Fed Can’t Get It Right

Why the Fed Can’t Get It Right

Mar 15, 2020 | Fed

The World Health Organization declared the coronavirus a pandemic today. The virus has now spread to over 100 countries and infected well over 100,000 people. After Monday’s 2,000-point collapse of the Dow and yesterday’s 1,100-point gain, stocks broke down again...