Fed Trying To Contain Zombie Apocalypse It Created -- Ed Yardeni

davfor

This is an interesting look at what the Fed has been doing in recent weeks.

Creating the Zombie Apocalypse. Fed Chair Jerome Powell is doing an admirable job of playing the action hero in “2012 Zombie Apocalypse,” a 2011 film about a fictional virus, VM2, that causes a global pandemic. He is doing whatever it takes to stop the zombies from killing us by ruining our economy and way of life.

blog.yardeni.com/2020/04/fed-trying-to-contain-zombie-apocalypse.html

davfor

Plus, from across the pond:

The European Central Bank said on Wednesday it would let banks post collateral that was downgraded to junk during the coronavirus outbreak to prevent a credit squeeze in the euro zone.

https://reuters.com/article/ecb-policy/update-1-ecb-accepts-junk-bonds-as-collateral-to-help-virus-hit-banks-idUSL5N2CA7CV

Crash

Standards? Fundamentals? Badges? What badges? We don't need no stinking badges!