HYDD - The Fed's Stealth Stimulus Has Arrived

It's not so stealthy.

This is the transcript from my podcast, THE WOLF STREET REPORT:

Let me just throw this out there for us to kick around: The Fed has already accomplished more with its verbiage so far this year than it had in the past when it actually cut rates multiple times, all the way down to near zero, and did trillions of dollars of QE. We're already seeing the first results. Here's why.

The US government can directly stimulate the economy by borrowing trillions and spending them in the US on infrastructure,

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