192: Kevin Muir – ‘Whatever It Takes’—How Reserve Banks React to Economic Pressure
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The Fed's Decision to Backstop the Market
The Fed is injecting 700 billion dollars worth of liquidity into the market. But when they don't get the reaction that was intended, what do they do? What kind of lit the fire under their ass in terms of actually doing stuff was when the credit market started breaking. Some of the smartest guys out there are actually seeing the opportunities today and actually committing capital but the opportunities are not in the equity market. They're actually in the corporate market.
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