Quote (Skinned @ Mar 24 2020 03:50pm)
Back to Obamanomics then lol.
He did QE his entire presidency. Previously known as Reaganomics.
Yes but it had nothing to do with who was president. The fed launched QE1 because of the financial crisis
https://en.wikipedia.org/wiki/Quantitative_easing#US_QE1,_QE2,_and_QE3Quote
The U.S. Federal Reserve System held between $700 billion and $800 billion of Treasury notes on its balance sheet before the recession. In late November 2008, the Federal Reserve started buying $600 billion in mortgage-backed securities.[25] By March 2009, it held $1.75 trillion of bank debt, mortgage-backed securities, and Treasury notes; this amount reached a peak of $2.1 trillion in June 2010. Further purchases were halted as the economy started to improve, but resumed in August 2010 when the Fed decided the economy was not growing robustly. After the halt in June, holdings started falling naturally as debt matured and were projected to fall to $1.7 trillion by 2012. The Fed's revised goal became to keep holdings at $2.054 trillion. To maintain that level, the Fed bought $30 billion in two- to ten-year Treasury notes every month.[26]
Right now the insane 125 billion QE per day is injected to prevent the market drop further. However, the flash traders and the filthy rich will benefit the most from all of this free money and are falling over each other right now to scoop up as much as they can.
Check this vid, I don't say this guy is always right but he covers the 125B per day insanity and shows what the fed is doing