Odaily Planet Daily News James Bianco, president of Bianco, a research institution, said that the Fed's actions are another form of quantitative easing, which is completely out of the script of the new crown and the 2008 financial crisis. Combined with record discount window borrowing and an expanding balance sheet, the Fed is getting increasingly accommodative. Only two scenarios are expected to happen in the future, one is that the US authorities act too slowly, and the other is that the "financial crisis" worsens.
If the authorities act quickly enough to contain the crisis, the massive stimulus means a more serious inflation problem in the US in the second half of 2023 and 2024. The best option is for each customer to decide for themselves to transfer hundreds of billions of dollars of deposits back to regional banks. And as long as money keeps flowing out of regional banks, there will always be bad and worse. (Golden Ten)
If the authorities act quickly enough to contain the crisis, the massive stimulus means a more serious inflation problem in the US in the second half of 2023 and 2024. The best option is for each customer to decide for themselves to transfer hundreds of billions of dollars of deposits back to regional banks. And as long as money keeps flowing out of regional banks, there will always be bad and worse. (Golden Ten)
