Wall St. For Main St., Released on 10/3/20
The Fed doesn’t have to expand its balance sheet to manipulate “markets.” They can do so through issuing PR statements or jaw boning them like that what happened back in February and March.
Companies shed workers, paid dividends after getting Fed aid, panel finds https://www.politico.com/amp/news/202…
The Fed Has Given Big Business A Huge Advantage https://www.zerohedge.com/personal-fi…
NYC Hammered By 40% Bankruptcy Surge, Braces For Next Wave https://www.zerohedge.com/economics/n…
U.S. airlines make urgent call for new bailout ahead of October 1 job cuts https://mobile.reuters.com/article/am…
The Fed has been manipulating corporate bonds since February and March to “help” get more bonds sold!
1) U.S. Junk Bonds Set $329.8 Billion Sales Record Amid Yield Hunt https://finance.yahoo.com/news/u-junk…
2) U.S. High-Grade Bond Sales Set Record, Reach $1.346 Trillion https://financialpost.com/pmn/busines…
3) US Corporate Bond Sales Smash Record, Soaring Over $1 Trillion https://www.newsmax.com/finance/stree…
4) Sales of ‘junk’ bonds hit record in June as debt-saddled corporations rush to raise cash https://www.marketwatch.com/story/sal…
5) Apple Is Paying 2.6% to Borrow for 40 Years in a Record Week for Bonds https://www.barrons.com/articles/appl…
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.
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