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13:49
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Originally posted by AverageJoe:
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Looking back to GFC, at the height the crisis (Lehman) it was a rush to USD. As the meltdown in equity played out in March 2009 USD fell. This time around March fall could be the March 2008 Bear Stern collapse? I see parallel to GFC except it isn't the retail mortgage MBS but commercial ones. We have 2 camps; post lock down business comes online and consumers rush out with pent up demand or consumers slowly built up courage to spend. How about risk of reinfection as we see in Singapore? I know in Singapore it was the guest worker dormitories and not the mainstream population but the lock down as a preventative measure.
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The Us is buying everything and anything they desire whatever the printed amount.https://www.ft.com/content/19e47570-ba23-4929-988e-9b5f468b20d5 https://www.barrons.com/articles/the-fed-for-the-first-time-can-buy-junk-bonds-that-should-help-fallen-angels-51586449148 https://www.bloomberg.com/news/articles/2020-04-09/fed-unleashes-fresh-steps-for-as-much-as-2-3-trillion-in-aid https://fortune.com/2020/04/09/fed-buying-junk-bonds-corporate-america-federal-reserve-coronavirus/ https://www.forbes.com/sites/brettowens/2019/12/12/bond-god-time-to-sell-junk-bonds/#58a993ff3174
