Top 10 Tweets
Friday, April 17, 2020 at 10PM
Happy Friday night everyone!
With more than a month in quarantine, I am looking forward to this weekend of going outside and walking around the neighborhood. The days are long—working and watching the kids.
Today’s Top 10 takes into account the recent stock market rally and the Fed’s balance sheet. While COVID-19 is at its tipping point in the United States thanks to all the stay-at home orders or shelter-in-place efforts. What remains is how to reopen the economy, recapitalize businesses around the country, and how best to bring back their employees from unemployment benefits.
Hope you are safe and well.
Holger Zschaepitz @Schuldensuehner#Fed balance sheet has hit fresh ATH at $6,367.9bn as Powell keeps printing press rumbling. Total assets rose by another $284.7bn, now equals to 29.1% of US GDP, fresh record. Since Fed announced its bailouts on Mar15, it has printed and handed to Wall Street $2,055.9bn. https://t.co/ESchAzdrEb
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