FED CUTS RATES TO ZERO -Launches QE with $700 Billion in Asset Purchases -Announces Swap Lines

[MelissaB]

FED CUTS RATES TO ZERO
-Launches QE with $700 Billion in Asset Purchases
-Announces Swap Lines with BOJ, BOE, ECB, SNB, Bank of Canada
-Cuts Primary Rate on Discount Window to 0.25%

Link to tweet

Link to tweet

Link to tweet

[doc03]

1. There goes our .05% savings interest. nt

[spanone]

2. K&R...

It should say 'Bullied by trump...the fed'

Of course it's all about the stock market

[pat_k]

3. Any thoughts/predictions on effectiveness of measures? (nt)

[uponit7771]

8. Yes, all of this will not make people come out of their houses and spend money. The structural issue

... now is the hunkering down for 2 - 4 months while Red Don finds us some unfettered testing

[tritsofme]

4. Wow...shooting their shot.

[OrlandoDem2]

5. Dropping the rate in such a panicked way will not provide confidence to the markets.

I think the reverse happens.

[uponit7771]

6. None of that will make hunkered down people spend money, its like they don't get it.

[lapfog_1]

7. fundamentally, this is NOT a financial issue

we are a consumer driven economy... there will be NO consumers (execpt for food and consumables) for the next 3 to 6 months. None.

All the QE and rate cuts and Trillions of liquidity available to banks will no mean shit.

Better to cut checks to everyone for essentials... $1000 to $2000 a month... for the duration.

[old guy]

9. Got to prop up tRumps stock market.

[JCMach1]

10. We are depression level fucked on the economic front

Fuckity fuck fucked