You can lead a horse to water, but you can’t make it drink. In other words, you can give someone an opportunity but not force them to take it. A similar proverb may apply to consumers as states across the country attempt to restart their economies: you can open up a business, but you can’t make …
Continue reading “Stimulus Meets Stagnation: What’s Next for the Economy and Markets?”
Assistance provided by the Federal Reserve does not come for free. Every program that is part of the balance sheet expansion earns a spread. Like all depository institutions, the spread is the difference between where it borrows money and where it lends. With its aggressive balance sheet expansion and interest rates pinned near zero for …
Continue reading “Profits From Fed Balance Sheet Expansion Could Top $140 Billion”
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