It appears Federal Reserve officials are calling top Wall Street people to get a sense of the degree of Wuhnan coronavirus-related panic in the investment community and some Wall Street plauers expect a co-ordinated central bank move.
When you have money supply printing as your hammer, crazily money printing looks like the solution to everything..@ScottMinerd tells me the NY Fed called him today to discuss coronavirus. NOT something that ever happens. He expects global central banks to announce coordinated move to help calm this weekend. Also says he thinks this is worse than the Great Recession.— Erin Burnett (@ErinBurnett) February 28, 2020
More coverage in the EPJ Daily Alert on what such a move would mean.
-RW
Lets see what real market valuations look like hahahahahahhaa
ReplyDeleteWhat are they going to do magically replace Asian market supply chains overnight? The financial Idiocracy is alive and well
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