from King World News
As we kickoff trading, this is hard to believe but it’s true.
Why Are They Doing This?
June 29 (King World News) – Peter Boockvar: We know the Fed was beginning to buy corporate bonds but now that it has been released exactly what they’ve bought so far, one can only ask “why?” Monetary policy has now reached a new low in the US as Apple, Walmart, Berkshire Hathaway Energy, CVS, McDonald’s, AT&T, Coca-Cola, Comcast, the US bonds of foreign car makers like Daimler and Toyota to name a few have been purchased. The total number of company bonds bought is 119 of up to 794 they will buy…