The Fed has so far saved the stock market from crashing after SVB: Yardeni

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

South Africa News News

The Fed has so far saved the stock market from crashing after SVB's implosion by injecting billions to backstop deposits, market veteran Ed Yardeni says

– ensuring banks have enough money on hand in event of a deposit run, which led to SVB's collapse in early March.is back," Yardeni said, comparing the BTFP to the central bank's practice of lowering interest rates in order to buoy stock prices."Though it is aimed at backstopping the banks this time, which indirectly supports the stock market. The question is whether that will do the trick to stop a credit crunch and a stock market crash. The jury is out, but so far so good.

That's the sharpest increase since the 2008 recession, which is"disturbing," Yardeni said. But in the week ending April 5, volumes fell $31.6 billion, a sign liquidity stress is starting to abate. Bank deposit outflows across all commercial banks in the US also fell $107 billion in the seven days ending March 29.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

And tqxpayers pay the bill for rich gambling billions. Yet wage increases benefits decent health insurance off the table

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Grantham: Stock market bubble crash only halfway over when Fed cuts ratesThe stock market's bubble bust will only be halfway over when the Fed starts cutting rates - and there will be much more pain ahead, legendary investor Jeremy Grantham says This is how these big economist make money . Last few quarter they have piled up cash now creating panic so that retail investor start selling and these big people can buy on cheep rate . Economy seems to be strong and money is distributed . Only super richs are lossing money or not able to generate required growth as they used to do .
Source: BusinessInsider - 🏆 729. / 51 Read more »