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The point here is not where did the money come from, it’s why is it needed? And the answer is because there isn’t enough liquidity to cover the institutional s
by oxymoran 7y ago
The point here is not where did the money come from, it’s why is it needed? And the answer is because there isn’t enough liquidity to cover the institutional sell off. Which means that they HAD to do this to prevent a run on the bank. That’s more alarming than the virus I think. Hospitals run on money. No money, no doctors.
This article is much less PR: https://www.forexlive.com/centralbank/!/new-york-fed-to-conduct-purchases-across-a-range-of-maturities-20200312 https://www.forexlive.com/centralbank/!/new-york-fed-to-cond...