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Magritte at the Fed – This is not QE
In the beginning the financial crisis, Ben Bernanke the Fed Chair said (more or less): Let there be QE! And there was QE. And Bernanke saw that QE was good. And the markets that were lacking liquidity thought the same … A few months ago, i.e. eleven years after the first major expansion of its balance sheet, the Fed had to urgently address a liquidity shortage - less serious, of course, than the one resulting from the collapse of Lehman Brothers. The Fed's balance sheet then star...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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