Federal Reserve cuts rates to zero and launches massive $700 billion QE

[helmsdale]

Errol great call on being in all cash! What's the next play?

At some point this things gotta be a buy... but it aint there yet. Monday morning is going to be monumental. Thousand point swings don't even excite me anymore...

[helmsdale]

Its gonna take alot of ink to monetize this disaster!

[brs]

I don't know where it ends, but I called my bank (and 2 others) on Thursday about breaking open my mortgage.

To buy property or invest in the stock market?

[LEP]

I don't know where it ends, but I called my bank (and 2 others) on Thursday about breaking open my mortgage.

What did they say? I was thinking it might be a little early to make a move.

[agstar77]

Stock futures limit down after zero announcement.

[shtferbrains]

Maybe not about stocks anymore.

Banks

[Austrian Economics]

Massively negative interest rates will be necessary to arrest the fall in equities. Negative rates are already here in U.S. markets are you move a bit further out the yield curve.

[errolanderson]

Massively negative interest rates will be necessary to arrest the fall in equities. Negative rates are already here in U.S. markets are you move a bit further out the yield curve.

The entire corporate debt bubble will implode . . . the Covid-19 virus is the fuse, the debt is the implosion. No sign of a bottom . . . .

[jazz]

Massively negative interest rates will be necessary to arrest the fall in equities. Negative rates are already here in U.S. markets are you move a bit further out the yield curve.

I still don't understand the concept of negative rates in the real world.

That means the bank pays you to lend money to them?

[biglentil]

I still don't understand the concept of negative rates in the real world.

That means the bank pays you to lend money to them?

No they pay you to borrow and you pay them on your savings. They may be forced to ban cash in such a scenario as they cant collect interest fees on it. Perfect time to ban cash as it's for your own safety blah blah blah. Misclick I dont like my own post.