Treasuries are down 8.76% to pick the equities up. They're throwing the treasury at the equities market. That's a theft of tens of trillions, at this rate. That's how they're using the crisis.
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The dollar system is what it is and we could argue about the pros and cons for days, but the Fed stepped up and alleviated a whole lot of *global* funding stress back in March. Re-Establishing swap lines in size with other CBs was absolutely the right call
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i won't dispute this. i will dispute the justice in a system that bails out Carnival Cruises, which is complicit in the murder of more than 100k Americans, while not doing more for the people or the small business owners, without funding adequate PPE or research, while censoring
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