Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program

CNBC ^ | 3/15/2020

[Vermont Lt]

Well, two birds....

[CincyRichieRich]

They are terrified of the Market on Monday.

...

I am, too...here’s from another thread.

Dow futures down 900...link here to watch all night..

https://www.cnbc.com/pre-markets/
...
Well, that to me proves the Left and their billionaire shorting market manipulators are winning. No sports, hoarding, no eating out, everyone scared, including the smart Freepers...if we keep going on this, it will be like the solient green experiments where the rats started eating each other...once we hear of neighbors shooting each other, society will start breaking down, those armored vehicles the municipalities bought will be in the streets, and then governors and PDJT will order lockdown.

[RomanSoldier19]

it will be - rates soon

[Undecided 2012]

Click your post, minus the 1 from the other. the 900 is a joke
can’t anybody do math anymore
23200 - 21800 is 1400

[CincyRichieRich]

Whoever is behind this mess, needs to be brought to justice
You are going to bring a virus to justice?
...
Ah, yes, the totally organic, random, nobody from nowhere virus.

[Varsity Flight]

The “reserve” currency (debtor notes), are now MBSs and CDOs, notice that gas prices (and everything else) bottomed out, and never kept decreasing, and before the “hoarding” speak

[steve86]

I don’t order hamburgers but I’m sure many kids do. McDonalds and others have worked hard to maintain price stability in their “dollar menu” items whereas the upper tier stuff has shot upwards price wise. The feature sandwiches are between $5 and $6 in my market. The basement level menu items have shrunk in size and weight while price stays fairly stable.

[nascarnation]

I agree with your analysis.
If you compare to say White Castle, where the sliders are nearly a buck each now, McD has held the line on price pretty well on that first tier burger.

[CincyRichieRich]

can’t anybody do math anymore
23200 - 21800 is 1400...
...
You are right now...I stole a post from other thread an hour ago, when it was 900.

[BusterDog]

“ Get ready for another round of inflation.”

Get ready for complete asset deflation across the board. Cash is king.

[ml/nj]

Quantitative easing is just a fancy name for printing money. Suggestions on what they should have done?

Not print money.

In case you don't understand how this works, the Federal Reserve purchases Treasury paper (e.g. Bonds) this time on the open market. Let's say they bought a bond that you were holding. They pay you with newly printed Federal Reserve Notes (really this just a computer entry on your bank account) and now you have money to spend that didn't exist before. The Fed holds the Treasury paper as "backing" as if it were gold, but really they are just I-O-MEs. Whenever the paper becomes due, the Treasury must pay back the Federal Reserve and that money ceases to exist. EXCEPT that the Treasury had to print up some new I-O-MEs they just "sold" directly to the FED which created new money just in time.

ML/NJ

[NELSON111]

Trump on it now: he’s thrilled.>>>

Well - it's now showing the utter STUPIDITY of forcing the FED into low-interest rates when we had a great economy and a record-breaking stock market - so that we could push the DOW to new records. It was a stupid move and many of us tried to warn people. I bet they wish they had 2-3 more % to throw at this right about now.

NOW - we are out of interest rates bullets without going negative and the next stop is for the FED to buy stocks and throw Trillions of QE - which EVERYONE HERE was complaining about when Obama did it - but will praise when Trump does it - to save their precious 401k's - knowing we we NEVER EVER pay it back.

And gues what - we're never coming off of 0% - not ever - at least, not while Trump is president. This is the crash many have feared - or it is setting it up.

[aimhigh]

Evidence:
http://www.shadowstats.com/alternate_data/inflation-charts

[Undecided 2012]

they had the numbers 23200 21800 900

[CincyRichieRich]

Ok, thanks...if you need me to be stupid for you, so be it.

[Undecided 2012]

it’s not u it’s them doing the math

[Varsity Flight]

Actually in this deflation, 1. the prices rise, especially if there job stimulus. 2. Or they will stay the same with job loss.
Remember, these are Bundled CDOs

[Uncle Miltie]

Keynes is dead.

Long live Keynes!

[af_vet_1981]

Inflation looks rather tame in that graph.

What Is the Consumer Price Index – CPI? The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.

The CPI-U (consumer price index) is the broadest measure of consumer price inflation for goods and services published by the Bureau of Labor Statistics (BLS).

What Is in the Basket of Goods?

The basket of goods includes basic food and beverages such as cereal, milk, and coffee. It also includes housing costs, bedroom furniture, apparel, transportation expenses, medical care costs, recreational expenses, toys, and the cost of admissions to museums also qualify. Education and communication expenses are included in the basket's contents, and the government also includes other random items such as tobacco, haircuts, and funerals.

[eartick]

Print more money. Our grandkids will pay for it