The Fed’s Swell New Mission: Making Corporate Debt Zombies Great Again, Part 1

It doesn’t get more ridiculous than the Fed’s secondary market corporate credit facility (SMCCF). The facility is managed by BlackRock and “equitized” (viz. partly funded ) by the US Treasury, and could spend up to $250 billion buying existing corporate bonds with fiat credits snatched from thin digital air. So far the SMCCF has spent […]
You must be a Stockman's Corner member in order to view this post, subscribe to Monthly Subscription, Quarterly Subscription or Annual Subscription.