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-I observed a coordinated coronavirus narrative break. Is the worst over? The mainstream business press is contemplating this and we cannot discount it. The reality is not the true situation, it’s whatever the mainstream press say. Beware of the “jumping of the shark” agenda of Zerohedge. In the post 2008 system, real numbers don’t matter.
-Former Fed members and Janet Yellen making the talking circuits. She contemplated equity purchases by Fed. That is the ultimate goal.
-The New York Fed releases its new purchase schedules.
Tentative Schedule of Treasury Securities Operations | 4/6/2020 – 4/9/2020
Tentative Schedule of FedTrade Agency Mortgage-Backed Securities (MBS) Operations for the period from April 6, 2020 to April 9, 2020
-Scheduled purchases amount to $73 billion today alone, with slightly higher amounts over the next few days.
–Real Estate; Thinking about residential real estate; Under the post 2008 monetary system, the federal government has the power and ability to quickly establish mortgage forbearance programs. Borrowers can now easily defer mortgages for up to 12 months. This is much cheaper in the long run than letting these people go into foreclosure.
-Borrowing costs will move lower over time, but gaining access to loans will prove more difficult.
-Stocks; The S&P 500 200-week mva is proving formidable, but if we can get a further break in the NWO narrative, I think it could be taken out.
-Stock recommendation; I bought SPLK (Splunk just after market open)