X @Joe Consorti ⚡️
Joe Consorti ⚡️·2025-10-15 01:01
Even if you believe that the Fed is easing into an economy on its last legs, why worry?In 2008, it took 9 months after Bear Stearns to start QE.In 2020, it took 2 weeks.In 2023, just 2 days to unveil BTFP after Silicon Valley Bank collapsed.The Fed's crisis response time has gone from 9 months to 2 days over the last 17 years.If liquidity seized up tomorrow, they'd roll out another acronym facility to backstop hundreds of billions in distressed assets, either through direct-purchase programs or through pled ...