The Fed will inject $1.5 trillion in short-term lending markets today and tomorrow on top of the already announced repos, a huge expansion in its $4.2 trillion balance sheet
"Pursuant to instruction from the Chair in consultation with the FOMC"
FINANCIAL SHARKS
IMF Statements:
“The situation in the world economy is worse than during the crisis of 2008-2009”
“We are in a recession, it is much worse than the global economic crisis”
George Tritch's strategy from 1872 has a 91% hit rate.
His 150 year old strategy correctly identified the (near) peaks of 1929, 1999, 2007 and 2020.
Despite technology, progress and regulations market cycles don't change much.
Human nature never changes.
h/t