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I never said they were buying equities. Buying bonds and pushing rates to 0 still has an impact on the TINA attitude. of the market. And, in more direct ways, i

I never said they were buying equities. Buying bonds and pushing rates to 0 still has an impact on the TINA attitude. of the market. And, in more direct ways, if you buy junk bonds from me, then I go turn around and buy equities, it's just the Fed buying equities with a few more steps in the middle.

mrep 6y ago
Or they could sit on the cash which many people do in a recession. And again, they've barely touched junk bonds. They are mostly just buying our own governments debt through US treasury securities, the same kind that the US government has created and sold 3 trillion dollars worth this year [0], mainly to fund the CARES act. [0]: https://www.treasurydirect.gov/govt/reports/pd/pd_debttothepenny.htm https://www.treasurydirect.gov/govt/reports/pd/pd_debttothep...