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IHYV - The Fed's Support Of Junk Bonds Is Like 'Putting Lipstick On A Pig'
Invesco Corporate Income Value ETF Invesco Exchange-Traded Self-Indexed Fund Trust
Source: Allenrsmith.com
"Putting lipstick on a pig" is an old saying popularized during an Obama campaign event in which he said "You can put lipstick on a pig, but it's still a pig." And that was the first thing that came to mind when the Federal Reserve (Fed) announced it umpteenth Bazooka on 4/9/2020. The Fed is so worried about the self-induced coma of our economy and its largest employers that it is doing ANYTHING to keep them afloat. Speaking of swine, the Fed's actions harken back to the European Central Bank's ((ECB)) pivotal moment