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mk · 1765 days ago · link · · parent · post: The Fed jumps into the corporate bond market, buying exchange traded funds.
Republicans are not decrying this socialism, however. How strange. "It's the economy, stupid." is why we are here. Each party will continue to borrow against the future at an increasingly higher cost for fear of political ramifications today. In parlance of the crypto community, the USD is a shitcoin. It is centralized, has no issuance cap, it uses a traditional database with a weak consensus mechanism, and the team behind it keeps pumping and dumping.Outright corporate bond buying will start “in the near future,” the Federal Reserve Bank of New York said Monday night.