14.7% Unemployment rate

[MoonlitKnight]

7. Reason the market is up...the Fed

“ As a proportion of nominal GDP, the Fed’s balance sheet was 19% in 4Q19, the ECB’s at 39%, the BoE at 26% and the BoJ at 105%. At the time of writing, the Fed’s balance sheet has already increased to the equivalent of 32% of estimated 2020 GDP with a commitment to open–ended QE purchases and a recent announcement of an additional USD2.3 trillion (11% of GDP) credit facility for business lending. We see the Fed balance sheet – on a broad basis including QE and other components – reaching about USD10 trillion by year-end.”

https://www.fitchratings.com/research/sovereigns/economics-dashboard-central-bank-balance-sheets-central-banks-balance-sheets-surge-on-coronavirus-crisis-24-04-2020