...after having been inflated for years through low-interest rates and QE. Of course asset prices have taken a hit from an unfolding economic crisis - that's t

...after having been inflated for years through low-interest rates and QE. Of course asset prices have taken a hit from an unfolding economic crisis - that's to be expected. Yet, the new money on the FED balance sheet (an extra two trillion as of late) is going somewhere. The cheap loans are going somewhere. It's going to prop up asset prices, no question about it.