Gigantic positive numbers like we’re going to see more and more don’t mean as much as you’ll be led to believe. They only seem awesome if you completely ignore the even larger minuses which have preceded them everywhere...
The Fed sees no rate hikes any time soon, sees GDP rebounding sharply in 2021/2022 after a crash this year, and will continue "approximately" $120BN in QE for the foreseeable future.
The global economy will contract by 4.1% in 2020, and then grow by 4.3% in 2021. This means that the corona crisis will be the deepest economic crisis since the Great Depression in the 1930s
... they printed all this money, and bought up all these bonds, and all these corporate bonds that they now own, but what if they panicked? What if now everything is fine? How does the Fed withdraw that liquidity?
"The supposed greatest economy in US history actually was a walking sick man, made comfortable with painkillers, and looking far better than he felt - yet ultimately fragile and infirm..."