• HUMAN REPORTERS · NOT MACHINES

    Fed To Buy Securities...Markets Rise Off Lows

    By CDM Staff
    March 12, 2020
    0
    Fed To Buy Securities...Markets Rise Off Lows
    Federal Reserve Districts Map

    This story is developing...

    The Federal Reserve Bank of the United States just announced more asset purchases beyond short term Treasuries in order to provide financial liquidity to companies as business conditions essentially halt and markets crater due to the Chinese coronavirus.

    The Fed also announced $1.500B in new liquidity for the financial system in 3 month repo operations.

    However, there was no mention of the dreaded 'QE'.

    https://twitter.com/FerroTV/status/1238146966963605506

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    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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