Fed just expanded its balance sheet by $250 BILLION
Yes, a quarter of a TRILLION dollars… in two months.
The last time the Fed was expanding its balance sheet at this pace was when Lehman Brothers failed in September 2008.
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SideNote: This is just the beginning of the new QE. The Fed always pumps $$$ into the stock market and economy to keep them afloat during Prez elections. Once the elections is over is when I expect the economy to crash and burn. GRIM