meechai Posted September 30, 2019 Share Posted September 30, 2019 This all sounds familiar. Is it getting frothy at the top again? https://wallstreetonparade.com/2019/09/the-fed-is-offering-100-billion-a-day-in-emergency-loans-to-unnamed-banks-and-congress-is-not-curious-enough-to-hold-a-hearing/ Link to comment Share on other sites More sharing options...
timendres Posted September 30, 2019 Share Posted September 30, 2019 It is absolutely frothy in every asset class. Wait until the Fed has to start absorbing the defaults coming from the States unable to make good on their state employee retirement plan promises, along with the Federal entitlements promised. That is going to make for interesting times. Estimates are that the Fed's balance sheet will need to move from roughly $4T to $20T or more to absorb what is coming. Other estimates are much worse. Link to comment Share on other sites More sharing options...
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