Yeah, We’re Doomed.

Infinite money printing: Fed now buying ETFs

Just when you thought they couldn’t come up with any more crazy ideas, the Federal Reserve announced last night that they will start buying Exchange Traded Funds, effective immediately.
Just to be clear, this means that the Fed is going to conjure money out of thin air, and then use that new money to buy ETFs.
But not just any ETF. The Fed is specifically targeting ETFs that own corporate bonds.
The key idea here is that the Fed is trying to bail out bankrupt companies across the Land of the Free.