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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: robert b furman who wrote (4748)3/12/2020 2:15:11 PM
From: elmatador  Read Replies (2) of 13801
 
Fed to pump in more than $1 trillion in dramatic ramping up of market intervention amid coronavirus meltdown

The Fed announced a bold new initiative in an effort to calm market tumult amid the coronavirus meltdown.In all, the new moves pump in up to $1.5 trillion into the financial system in an effort to combat potential freezes brought on by the coronavirus.This was the second day in a row and the third time this week the Fed has stepped in. Stocks staged a sharp turnaround from earlier losses, though some of those gains were pared.
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