As unprecedented job losses continue to mount from the coronavirus-induced economic slowdown…
…America’s central authorities have finally leapt into action with equally unprecedented firepower.
After recently passing a $2.2 Trillion stimulus package, Congress is already at work approving additional relief.
The Federal Reserve has issued record QE (aka, “money printing”), managing to increase its balance sheet by roughly 50% within just a few short weeks:
And on top of this, the Fed just announced a $2.3 Trillion loan and purchase program that includes buying billions of junk bonds — showing how serious it is about serving as the backstop ‘buyer of last resort’ for financial markets.
Will this flood of emergency liquidity staunch the economic damage industries are suffering? Will it push asset prices back up, undoing the recent market losses?
As we’ve been doing throughout the recent market volatility, we just reached out to the lead partners at New Harbor Financial, Peak Prosperity’s endorsed financial advisor, to get their latest perspective on these questions:
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by robie-robinson-2 
