The fact that they printed Billions over the last 24 hours is even bigger news. The economy is about to collapse. It's only a matter of time before they slip up and the domino effect begins.
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The fact that they printed Billions over the last 24 hours is even bigger news. The economy is about to collapse. It's only a matter of time before they slip up and the domino effect begins.
But that's not how it works. It is there, is lent out and paid back all under 24 hours. What happened actually resulted in a slight decrease in the total USD supply because of the 2.25% interest on the loan.
This wasn't QE where the Fed prints money and buys securities to prop up the economy.
Yes, but are any of those billions actually going to go out into the economy? I haven't looked into it much yet but saw it had to do with inner-bank lending. Much of the helicopter money back in 09 etc never really got lent out and made it out into the broader economy, which is why we didn't see the massive inflation many expected.