Fed’s Balance Sheet Passses $5 Trillion For The First Time Ever

[JGalt]

It is very unfair how the Demonrats forced Trump to have to sign this bill...

Trump is a brilliant businessman and he does things very powerfully...

I am sure he would veto this bill if he wanted to -- but as long as he frowns or something when he signs this bill -- it will show it's the Dems fault

Trump has no choice. The Democrats are playing a game of chicken with American lives but the President is better than all that.

I know it sucks.

we'll see if Mr Better than that signs it

Trump is the adult in the room. He will sign it regardless of the shit that's in it. It's either that, or he gives the Democrats leverage against him, which was all the bill was about, from the Democrat's position.

It's really disgusting how they use a crisis like this to play "gotcha" with Trump, as they have been for the last three years. They won't be forgotten this election season, you can believe that.

 

[Blaine Sweeter]

$5,000,000,000,000.

That's a very big number. Bigger than Obama. Nobody's ever done that before. Some people say this is the biggest re-election campaign slush fund in the history of our country!

Coronavirus stimulus just pushed Fed's balance sheet past $5 trillion for the first time ever

Though its efforts to keep markets running and boost the economy are just getting into gear, the Federal Reserve's asset portfolio has reached levels never seen before.

www.cnbc.com

On the way to $10 trillion
If things proceed as forecast, the Fed is just getting started.
“Unlimited QE & emergency liquidity programs should see the Fed balance sheet double in size over 2020,” Mark Cabana, rates strategist at Bank of America Global Research, said in a note.

The Fed had originally indicated it was going to add $700 billion to its bond portfolio — $500 billion in Treasurys and $200 billion in mortgage-backed securities. However, it switched earlier this week to an open-ended program in response to tumult in financial markets.

Wall Street now anticipates the balance sheet could hit $10 trillion this year as the Fed affirms its whatever--it-takes commitment to softening the coronavirus blow.


$5,000,000,000,000.

Don't worry, folks. That's only a little over $15,000 for every man, woman, transsexual, and child in America.

"We can handle it!"

Millions of idiots in this country voted for a fucking idiot who managed to bankrupt 3 casinos.
They're too stupid to realize he couldn't do the same thing to their country.
.
.

 

[g5000]

It is a futile gesture. That's a simple fact. He's showboating, and being very unstatesmanlike by putting the lives of others at unnecessary risk.

Opinions vary.

The constitution, however, is specific.

And you're still a big ol fraud.

How can you cheer for this nonsense in one thread and then turn around and pretend to oppose the consequence in another? Do you have no dignity whatsoever? It's just plain sleazy intellectual dishonesty, if you ask me. You do that quite a bit, I've noticed. Gonna have to start calling you out on it a bit more consistently, I think.

Who says I'm cheering, dumb fuck? Stop listening to the imaginary deranged voices in your head.

 

[g5000]

It is very unfair how the Demonrats forced Trump to have to sign this bill...

The Fed adding to their balance sheet has nothing to do with "this bill".

 

[Votto]

$5,000,000,000,000.

That's a very big number. Bigger than Obama. Nobody's ever done that before. Some people say this is the biggest re-election campaign slush fund in the history of our country!

Coronavirus stimulus just pushed Fed's balance sheet past $5 trillion for the first time ever

Though its efforts to keep markets running and boost the economy are just getting into gear, the Federal Reserve's asset portfolio has reached levels never seen before.

www.cnbc.com

On the way to $10 trillion
If things proceed as forecast, the Fed is just getting started.
“Unlimited QE & emergency liquidity programs should see the Fed balance sheet double in size over 2020,” Mark Cabana, rates strategist at Bank of America Global Research, said in a note.

The Fed had originally indicated it was going to add $700 billion to its bond portfolio — $500 billion in Treasurys and $200 billion in mortgage-backed securities. However, it switched earlier this week to an open-ended program in response to tumult in financial markets.

Wall Street now anticipates the balance sheet could hit $10 trillion this year as the Fed affirms its whatever--it-takes commitment to softening the coronavirus blow.


$5,000,000,000,000.

Don't worry, folks. That's only a little over $15,000 for every man, woman, transsexual, and child in America.

"We can handle it!"

You have to admit, it beats giving people an Obamaphone to get votes.

 

[g5000]

$5,000,000,000,000.

That's a very big number. Bigger than Obama. Nobody's ever done that before. Some people say this is the biggest re-election campaign slush fund in the history of our country!

Coronavirus stimulus just pushed Fed's balance sheet past $5 trillion for the first time ever

Though its efforts to keep markets running and boost the economy are just getting into gear, the Federal Reserve's asset portfolio has reached levels never seen before.

www.cnbc.com

On the way to $10 trillion
If things proceed as forecast, the Fed is just getting started.
“Unlimited QE & emergency liquidity programs should see the Fed balance sheet double in size over 2020,” Mark Cabana, rates strategist at Bank of America Global Research, said in a note.

The Fed had originally indicated it was going to add $700 billion to its bond portfolio — $500 billion in Treasurys and $200 billion in mortgage-backed securities. However, it switched earlier this week to an open-ended program in response to tumult in financial markets.

Wall Street now anticipates the balance sheet could hit $10 trillion this year as the Fed affirms its whatever--it-takes commitment to softening the coronavirus blow.


$5,000,000,000,000.

Don't worry, folks. That's only a little over $15,000 for every man, woman, transsexual, and child in America.

"We can handle it!"

You have to admit, it beats giving people an Obamaphone to get votes.

The only thing I will admit is that you are a dumb fuck if you think Obama invented that program.

By the way, they are Trumphones now, idiot. Why, I bet mentally handicapped people like yourself qualify for one! Find out here: Do I Qualify? - Universal Service Administrative Company

Obama's bailout is DWARFED by Trump's $2 trillion campaign reelection slush fund.

 

[Votto]

So if the stimulus was such a bad idea why did the democrats go along with it?

I assume you oppose the stimulus package.

What did Obama say about it or has he gone in hiding?

 

[Tom Paine 1949]

Exactly. This is a bipartisan bill. Just as were the bailout policies in 2007-2009. The whole Fed system of "Too Big to Fail" and backstopping a completely indebted financial / corporate "Ponzy Scheme" economy, now requires "whatever it takes" money printing and secret bailouts by Fed banks of "primary dealer counterparties" -- private capital Hedge Funds, etc.

The bill passed in Congress is important to workers, hospitals, small businesses, but it is also filled with large bailouts to terribly run corporate malefactors like Boeing, which should be bankrupted and reorganized. But the source of systemic corruption and the Ponzy Scheme that allowed for our previous "strong economy" (/s) is the Fed itself. Mainstream leaders of both parties -- as also our populist conman President Trump -- have only encouraged this long-in-the-making crisis.

Covid-19 is real and dangerous, but it is no "Black Plague." It has triggered an already inevitable financial crisis that will be much bigger than 2008-2009. Ever greater personal and corporate indebtedness, trade deficits, budget deficits, rash foreign adventures, an incredible "Everything Asset Bubble" -- it was never sustainable. While most Americans are completely distracted by Covid-19 and either liberal TDS or right populist TDS (Trump Deification Syndrome), the old game goes on. Super-wealthy and super-well-connected financiers manipulate the economy -- and our politicians -- and count on the Fed directly to bail them out when their highly levereged bets unravel.