The coronavirus rescue bill leverages the Fed by $4 trillion to head off a credit crisis–you think it might be serious? Look at the credit card market

The coronavirus rescue bill leverages the Fed by $4 trillion to head off a credit crisis–you think it might be serious? Look at the credit card market

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Fed to provide “infinite” money to credit markets

Fed to provide “infinite” money to credit markets

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Let me emphasize that “for the week.”  The storm of bad news continued today with the European Union saying that the 2020 recession in that bloc may be as bad as 2009. Goldman Sachs warned that the U.S. economy may shrink 24% year over year in the second quarter.

Let me emphasize that “for the week.” The storm of bad news continued today with the European Union saying that the 2020 recession in that bloc may be as bad as 2009. Goldman Sachs warned that the U.S. economy may shrink 24% year over year in the second quarter.

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S&P 500 drops 15% for the week

S&P 500 drops 15% for the week

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Think the Fed got everyone’s attention with a Sunday night interest rate cut to 0%?

Think the Fed got everyone’s attention with a Sunday night interest rate cut to 0%?

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Think the Fed got everyone’s attention with a Sunday night interest rate cut to 0%?

Fed rides to the rescue–and stocks are still down almost 8% at 2:30 p.m. in New York

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