portland independent media center  
images audio video
newswire article reporting united states

economic justice

2020-03-12: Market Meteor-Cratering Even After $1 Trillion Federal Reserve Shotgun Blast

the Fed pumped over a _trillion_ dollars into overnight repo loans between the biggest Wall Street banks today (Black Thursday) but it wasn't enough to keep far-overvalued and debt-leveraged stocks from freefalling into an unknown depth abyss.

Where is the bottom?

stay tuned

and, keep watching the debt market (which is a big part of the Fed's attempted repo injection maneuver today)...
See Also

Debt Saturation Meltdown Global Economy In Free Fall 05.Mar.2020 18:12
 http://portland.indymedia.org/en/2020/03/438296.shtml

Inverted Yield Curves Signal Total Failure of Dominant Mainstream Macroeconomics
 http://portland.indymedia.org/en/2020/03/438297.shtml


(Financialization documentary) The Money Deluge
 http://portland.indymedia.org/en/2019/12/438042.shtml


The Disaster Of Negative Interest Rates
 http://portland.indymedia.org/en/2019/10/437810.shtml

Fiat currency debt-based economic system has now replaced 'capitalism'
 http://portland.indymedia.org/en/2020/02/438222.shtml#465840

IMF: Global economy, financial system on brink of disaster
 http://portland.indymedia.org/en/2019/10/437837.shtml
 http://portland.indymedia.org/en/2019/10/437838.shtml

IMF and World Bank Heads Debate Growing Debt Problems
 http://portland.indymedia.org/en/2020/02/438209.shtml

The way out for a world economy hooked on debt? More debt
 http://portland.indymedia.org/en/2019/12/438001.shtml

TRUMP [to Federal Reserve]: More Easy Money Please... IN YOUR FACE.
 http://portland.indymedia.org/en/2019/12/438041.shtml

Federal Reserve Cuts Interest Rates For Third Time In 2019
 http://portland.indymedia.org/en/2019/10/437872.shtml

US Federal Reserve Starts "Quantitative Easing Forever"
 http://portland.indymedia.org/en/2019/10/437855.shtml

Obama And Trump: The Two Best Friends The Fed Has Ever Had
 http://portland.indymedia.org/en/2020/02/438214.shtml#465826

Debt-based economic model: Can the US dominate the global financial system forever?
 http://portland.indymedia.org/en/2019/12/438077.shtml

What you are seeing now is just the Opening Act of what's coming 12.Mar.2020 15:10

marketreport

THE STOCK MARKET GOT DESTROYED. THE WORST IS YET TO COME. Mannarino

Fed pumped $300 billion JUST THIS AFTERNOON to provide Wall Street bank liquidity (and prevent credit freeze)
announced $1.5 TRILLION "asset purchase program"

Expanding the Debt on an Epic scale. With virtual "money" created on a computer screen.


Don't you dare call it 'quantitative easing' (QE) though.