They are buying fixed income ETFs which is basically corporate debt. This is ver... | Hacker News

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		anonu on July 2, 2020 \| parent \| context \| favorite \| on: The percentage of Americans who are employed has f... They are buying fixed income ETFs which is basically corporate debt. This is very very different than buying equity. Certainly buying corporate debt is a bit stretching the Fed mandate but going to equities would arguably be illegal.

coliveira on July 2, 2020 [–]

As I said, they're just one step short of buying equities. They're throwing money at investment companies and buying corporate debt, this can have no other result than inflating the stock market.

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