Extraordinary Disconnect Between Stock Prices and Economic Collapse – Counter Information

For the first time in US history, the Fed’s balance sheet exceeds $7 trillion. It’s up from around $250 billion in the late 1980s and $750 billion in late December 2007, the onset of the 2008-09 financial crisis — a colossal example of mismanagement, an eventual price to pay for what’s going on. Wall Street on Parade (WSOP) noted a disconnect between the Fed’s balance sheet and economic collapse. At yearend 2019, WSOP explained that the Fed “was already deep into a debt crisis,” reflected by its minutes. From mid-September 2019 to late January, the Fed already “had made $6.6 trillion cumulatively in emergency revolving repo loans to Wall Street” — even though the first US COVID-19 death didn’t occur until February 28.

Extraordinary Disconnect Between Stock Prices and Economic Collapse – Counter Information