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Tuesday, March 03, 2020

USA: Central bank intervention reinflates stock markets




'On Monday, all three major stock indices skyrocketed higher on news that global central banks would aggressively lower interest rates in response to the economic damage from the coronavirus pandemic. The benchmark Dow Jones Industrials were up more than 5% or 1,293 points, the biggest point gain in history.'
https://www.unz.com/mwhitney/dead-cat-bounce-central-bank-easing-sends-stocks-into-the-stratosphere/

1 comment:

James Higham said...

The Fed can crash the economy any time it wishes, it's quite arbitrary and in their hands:

https://www.ccn.com/jerome-powell-knows-federal-reserve-destroy-us-stock-market/