Questions Welcome
“The Federal Reserve has launched an array of programs aimed at helping the markets and economy through the coronavirus crisis.
Taken together, the programs are considerably more aggressive and have been done in quicker fashion than what happened during the 2008-09 financial crisis.
By the time it finishes, the Fed could take its balance sheet to as high as $10 trillion, one analyst estimates.”
There are worldwide fiscal and monetary actions being taken. Our financial system is strong but, yes, we are in a recession. Fundamentally the US economy is sound and will pull back out of this.
I am happy to help anyone who would like advice or opinion on what actions they might want to discuss. There are timely actions one should consider with regards, to investments, real estate, business operations, insurance, tursts, and personal financial planning.
You are welcome to pass my name and phone number along to anyone looking for an independent point of view. I have managed through 4 major market/economic crisis. 805.886.6126.
Best,
economist, banker, international executive, retired from SBCC
4 年Will the stimulus of the Federal Reserve and the Congressional package be unwound when the economy roars back in the fall ? Yes, keep families, companies, and health care operations afloat during this shut-down, but don't keep pouring fuel on the fire when its no longer needed. Regards, Peter PS How often have we seen politicians take decisive action with no long term "exit strategy" ? Consider our "endless wars."