main reason for Massive rate cut and QE expansion is to provide Dollar liquidity.A shortage of Dollars is not good for world wide banking system. Below are two Charts that shows the “cost” of Swapping Euro and yen for Dollars is on the rise.
BREAKING: NY, CT and NJ are taking joint regional action to reduce the spread of #COVID19:
Effective 8PM TONIGHT:
-Crowd capacity reduced to 50
-Restaurants/bars will be takeout/delivery ONLY
-Movie theaters closed