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Does this make you feel confident? 1/
Meanwhile, I understand why the Fed felt it had to fire its bazooka. But really hard to believe that interest rate cuts will do much when consumer demand is collapsing; QE might help with liquidity, though even there I'm not sure 2/
We really need fiscal policy. But last I heard, the Senate hasn't even scheduled a vote on the (modest and vastly inadequate) House bill 3/
Futures markets not reassured, although the markets have been so manic-depressive God knows how they will look in a few hours 4/
Stock futures just hit limit down. PS: I know something about this 4/
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