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kleinbl00 · 1717 days ago · link · · parent · post: Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program
Yeah he dropped a half trillion in stimulus and shot the last bullets in the gun and the futures market went limit down in fifteen minutes. Balance sheets are fine but thanks to fractional reserve banking there's only enough cash to cover 5% of what's out there and right now treasuries aren't trading. Nobody wants to buy your shitty debt because they don't think it's worth anything.