Comments by "Ray Bod" (@raybod1775) on "Kashkari says Fed is being "as aggressive as possible" in coronavirus response" video.

  1. His first statement was a lie. The Federal Reserve created a bubble by keeping excessively low interest rates that allowed corporations to inflate their stock prices by stock buybacks. The Federal Reserve went into the overnight repo market in 2019 because of all the worthless bonds created by corporations whose banks couldn't get cheap overnight loans with these garbage bonds. The Coronavirus crisis was an excuse for the Federal Reserve to buy all these garbage loans to keep bank and other corporation stock prices inflated. This is simply a system to protect the wealth of the rich at the expense of everyone else. It should be interesting to see what the P/E ratio will be for the S&P next quarter. As far as value is concerned, stocks are the first group of assets to enter hyperinflation. After the economy hits bottom mid-year, expect more hyperinflation thanks to the Federal Reserve.
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