As unprecedented job losses continue to mount from the coronavirus-induced economic slowdown…
…America’s central authorities have finally leapt into action with equally unprecedented firepower.
After recently passing a $2.2 Trillion stimulus package, Congress is already at work approving additional relief.
The Federal Reserve has issued record QE (aka, “money printing”), managing to increase its balance sheet by roughly 50%in just a few short weeks:
And on top of this, the Fed just announced a $2.3 Trillion loan and purchase program that includes buying billions of junk bonds — showing that it’s serious about serving as the backstop ‘buyer of last resort’ for financial markets.
Will this flood of emergency liquidity staunch the economic damage industries are suffering? Will it puch asset prices back up, undoing the recent market losses?
As we’ve been doing throughout the recent market volatility, we just reached out to the lead partners at New Harbor Financial, Peak Prosperity’s endorsed financial advisor, to get their latest perspective on these questions:
Anyone interested in scheduling a free consultation and portfolio review with Mike and John can do so by clicking here.
And if you’re one of the many readers brand new to Peak Prosperity over the past few weeks, we strongly urge you get your financial situation in order in parallel with your physical coronavirus preparations.
We recommend you do so in partnership with a professional financial advisor who understands the macro risks to the market that we discuss on this website. If you’ve already got one, great.
But if not, consider talking to the team at New Harbor. We’ve set up this ‘free consultation’ relationship with them to help folks exactly like you.
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