Gold Surges Most Since 2009 After Fed Unveils QEternity, Stocks & Bond Yields Tumble

Read more on this subject: Gold and Silver
News Story Source: https://www.zerohedge.com by Tyler Durden
The problem is – it didn't reassure investors as they've had 10 years of knowing that whatever The Fed 'creates' is simply money-printed delusion that does not reflect any real economic progress.

Fed announces unlimited QE and sets up several new lending programs pic.twitter.com/PXjedWTBcx

— MONETARY MAYHEM™ (@MONETARY_MAYHEM) March 23, 2020

Stocks knee-jerked higher thanks to their conditioned behavior – but that did not last as a rally is the last thing we need to force Washington to vote for the bailout bill, and stocks fell…

Read More or Make a Comment

Bookmark the permalink.

Comments are closed.