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,
