HueFinancial Market Update | March 12, 2020
Well the Federal Reserve released the 'Big Bazooka' to try to rescue the market and it didnt work. They injected 1.5 trillion dollars worth of paper in hopes of calming the markets but the market didn't like that rescue package. Just like it didnt like the rash decision of the Fed to cut interest rates by 50 basis points. This economic turmoil needs to have something it doesn't have and that thing is time. The Coronavirus will not allow that to happen. QE, stimulus packages, or even tax breaks will not save this situation. Why? Because people will be quarantined in their homes and businesses closed - globally. Without commerce the economic engine stops. In this situation tangibles (i.e. water, toilet paper, canned foods, medicine, sanitizer, etc.) are more valuable than fiat currencies, stocks, and cryptocurrencies.
What do you think?
*Not Financial Advice*