In March 2020, the Fed's emergency rate cuts and QE announcements failed to prevent market crashes, but government fiscal stimulus announcements immediately reversed the decline, establishing the 'government put' as superior to the 'Fed put' in market psychology.
factualpending
Speaker
George GammonEvidence Quote
“the fed comes out guns ablaze and we're going to do qe123 and the market goes up because the market thinks that the fed has a backstop but in march they did that the market still went straight down the market didn't recover until the government came out and announced all of their stimulus programs”
Created: 8/11/2026, 1:13:41 AM
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