Do you think that the markets are under siege by the central banks? Or are central banks trying to prevent a collapse?
There’s a strange situation today, particularly evident in 2020. Central banks are buying everything. Different central banks are doing things at a different speed, with different nuances. But let’s face it, they print money out of thin air by adding zeros on a computer, buying assets that do not exist, and are very adamant in the public that they’re helping the middle class. Instead consider another, more realistic possibility…
Assets: Total Assets: Total Assets (Less Eliminations From Consolidation): Wednesday Level (WALCL) | FRED | St. Louis Fed
fred.stlouisfed.org/series/WALCL
Central Bank Assets for Euro Area (11-19 Countries) (ECBASSETSW) | FRED | St. Louis Fed
fred.stlouisfed.org/series/ECBASSETSW
Bank of Japan: Total Assets for Japan (JPNASSETS) | FRED | St. Louis Fed
fred.stlouisfed.org/series/JPNASSETS
Balance Sheets
www.yardeni.com/pub/peacockfedecbassets.pdf
SNB Q1 2020.jpg (1280×871)
www.zerohedge.com/s3/files/inline-images/SNB%20Q1%202020.jpg?itok=lyesq8N4
Fed outlines terms for lending program and promises full disclosure on PPP recipients
The Fed is starting its program to purchase corporate bond ETFs
www.cnbc.com/2020/05/12/the-fed-is-starting-up-its-program-to-purchase-corporate-bond-etfs.html
Survey of Consumer Expectations – FEDERAL RESERVE BANK of NEW YORK
www.newyorkfed.org/microeconomics/sce#indicators/household-finance/g33
David Rosenberg on Twitter: “I was so close to turning more bullish (less bearish?) until I see this metric was released by the New York Fed on consumer expectations. Since when do bear markets end on record optimism? t.co/Gddwl5JDbj” / Twitter
twitter.com/EconguyRosie/status/1247198124994703361