$WLFI
WLFI
0.1421
-3.20%
🚨 Not only is the pace of QE underwhelming 🚨
The type of QE isn’t great either ⌛️⚡️
There are two kinds of QE 🤔⬇️⬇️
1- Buying bills → short-term liquidity⚡️
2- Buying coupons → long-term liquidity (the real QE) ⚡️
True QE happens when the Fed expands its balance sheet by loading up on coupons ⚡️
But this new $20B/month program is only buying bills ↔️