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Originally Posted by bdub
They also did a oversubscribed $100+ billion repo operation yday. They are crapping bricks that this thing is going to evolve into financial crisis as well as a pandemic.
Just watching the FED's Powell speaking on the rate cut. First thing he did was cough at the start of his speech lol. Is he infected? Maybe that's why we got the 50. Seems his speech isn't calming markets anyway.
https://www.marketwatch.com/story/fe...bed-2020-03-03 |
It is already a financial crisis people just haven't accepted that yet. The coming days and months will be revealing. Supply chain fragility will be exposed and the crating of Chinese consumerism will be reflected on Q1 reports and beyond.