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Board of Governors of the Federal Reserve System (via Public) / Dealer Inventory Constraints in the Corporate Bond Market during the COVID Crisis

Board of Governors of the Federal Reserve System (via Public) / Dealer Inventory Constraints in the Corporate Bond Market during the COVID Crisis
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Fed to Sell Corporate Bonds and ETFs Purchased During Covid-19 Crisis -- 2nd Update

Inflation Watch: Beware the ides of March

Inflation Watch: Beware the Ides of March President Biden has now had his $1.9 trillion stimulus package passed into law, and it will not be the last in the current fiscal year. Covid is not over and is sure to resurge with new variants next winter. But even assuming that is not the case, we still have to contend with the aftermath of the pre-covid conditions, whereby banks had run out of balance sheet capacity combined with trade tariffs predominantly aimed at China. These conditions were a doppelganger for late-1929, and between 8 February and 20 March the S&P500 index faithfully tracked a similar course to that of October 1929.

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