Is the cure, massive FED money printing and government intervention, going to be worse than the actual coronavirus itself?
The Federal government and FED are now moving to counteract the economic effects of the economy being shutdown due to the coronavirus.
The FED has now increased their balance sheet to over $5 trillion dollars. The Trump administration and Congress has now passed a $2 Trillion economic package.
Will it be enough? Who knows? However, the Treasury and FED are now cooking up various ways to enter into direct lending to businesses and enabling the Treasury and FED to buy corporate debt directly in the market.
As the response is being directed by former Wall Streeters like Treasury Secretary Munchin, a former Goldman Sachs stooge, stand by for an epic response from the FED and US government.
As Marty Zweig said, “Never fight the FED”.
Crux Investor interview with Brandon Munro on Cigar Lake closure:
Marcelo Lopez interviews Andrew Rozencwagj on oil and uranium:
The end of the debt supercycle: