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No! The Fed Will Not “Save the Market”––Here’s Why

Summary:
A very convenient conviction is rising in the panicked financial netherworld that the Federal Reserve and its fellow dark lords will “save the market” from COVID-19 collapse. They won’t. I already explained why in The Fed Has Created a Monster Bubble It Can No Longer Control (February 16, 2020) but it bears repeating.       https://www.davidstockmanscontracorner.com/?p=387839&preview_id=387839&preview_nonce=19fcee1c83&_thumbnail_id=-1&preview=true   […]

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A very convenient conviction is rising in the panicked financial netherworld that the Federal Reserve and its fellow dark lords will “save the market” from COVID-19 collapse. They won’t. I already explained why in The Fed Has Created a Monster Bubble It Can No Longer Control (February 16, 2020) but it bears repeating.       https://www.davidstockmanscontracorner.com/?p=387839&preview_id=387839&preview_nonce=19fcee1c83&_thumbnail_id=-1&preview=true   […]
David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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