Rounding up top reads from around the web, including articles shared by fellow investors in the Financial Horse Facebook Group.
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The Fed Goes All In With Unlimited Bond-Buying Plan (New York Times)The Fed pledged to buy as much government-backed debt as needed to bolster the markets for housing and Treasury bonds. It announced that it would buy corporate bonds, including the riskiest investment-grade debt, for the first time in its history. And it promised to unveil more, including supports for small businesses, in the days and weeks to come. The Fed is throwing its full weight at confronting the economic fallout from the coronavirus, which poses a severe threat as factories shut down, people lose jobs and the economy grinds to a halt while lawmakers in Congress continue to struggle to find a fiscal response, making the central bank the primary line of defense.
Why the Fed’s stunning move to buy...