Updated: July 31, 2020
“Money printer go brrrrrrrrr!”
This humorous investor war cry making the social media rounds these days is all you need to know about the Federal Reserve’s tactics to fight off the coronavirus. Jerome Powell is printing money like there’s no tomorrow.
In fact, since March, he’s created more than $3 trillion fresh dollars! This has been the largest money creation event in the history of the planet.
Powell Prints, Money Supply Soars
More money is lousy news for each outstanding greenback. The US dollar is starting to tailspin lower thanks to a flood of supply:
More Dollars Means Each One is Worth Less
What dividends do we buy when the dollar is weak?… Read more