The Fed's DCoin - dissertation - diddling $$ "facts" - more "not"QE helicopter money mo/mo than 2008 - [MONEY]
Zenaan Harkness
zen at freedbms.net
Mon Nov 4 15:46:00 PST 2019
On Mon, Nov 04, 2019 at 12:09:54PM +1100, Zenaan Harkness wrote:
> So the Fed's helicopter money (for now for "banks only" still) QE
> program is in top gear already, with endless headlines about "not QE"
> and "everything's fantastic, just a little insurance money printing".
>
> But of course, between the lines, the fact is that in comparison to
> QE-1, QE-2 and QE-3, this QE-"officially not QE", aka QE-4 aka
> QE-infinity, is now pumping out MORE "not QE, just insurance" dollars
> than at the very peak of the post-2008 global financial crisis QE
> money printing exercises, on a month for month comparison basis.
PS: It looks like JP Morgan single handedly forced the Fed's hand on
this one, ensuring the recent Fed hockey stick back into securities
purchasing:
"It’s Incredible. The Scale Of What JPMorgan Is Doing Is
Mind-Boggling"
https://www.zerohedge.com/health/its-incredible-scale-what-jpmorgan-doing-mind-boggling
Impressive stuff,
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