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Times of India (India) 03/28/2020 19:16
Soon after the government on Saturday set up ‘Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund’ (PM CARES Fund)’ seeking contributions to combat situations like COVID-19 pandemic, Prime Minister Narendra Modi urged people to contribute generously to the corpus, saying it will strengthen disaster management capacities and encourage research to protect citizens.
Zero Hedge 03/28/2020 19:10
$9,000,000,000,000: Former Fed Strategist Now Expects Fed's Balance Sheet To Double This Year. Late on Thursday, we that as of the end of this turbulent week, the Fed will have added a record $625 billion to its balance sheet, bringing the total to $5.5 trillion, an increase of $1.3 trillion in two weeks (6% of GDP), which was the amount the Fed monetized during all of QE1 in response to the financial crisis, but which took place over a period of almost 2 years. That's just the start of what will soon become the most aggressive expansion in Fed balance sheet history because according to BofA's Fed guru Mark Cabana, who was a former officer in the New York Fed's Markets Group, the Fed's balance sheet is now set to double to $9 trillion by the.


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