Feddie’s Free Money: No Asset Left Behind

(1) Bernanke used bazookas; Powell is using B52s. (2) Carpet-bombing the economic and financial fronts of VW-I with free money. (3) Over $1 trillion raised in dash for cash during March. (4) Businesses tapping lines of credit like never before. (5) Future shock: from QE4 to QE4ever to NALB (no asset left behind). (6) Fed keeping zombies from getting buried. (7) Fed indirectly supporting stocks by enabling rebalancing from bonds to stocks. (8) Bull/Bear Ratio is very bearish, which is very bullish. (9) The Fed is on a buyback binge in the credit markets. (10) The Fed has become the Bank of the United States, with capital provided by the US Treasury. (11) In Powell and Mnuchin we trust. (12) You ain’t seen nothing yet!