If there’s one thing that’s for sure, it’s that central banks are truly very smart. They caused a crisis and really capitalized on it. They allowed massive fraud to take place and as the financial system was about to collapse, they swooped in and came to the rescue. Of course they suggested that they will back off at some point. But the truth is that, the central bankers are now the owners of the world. They won’t give it up.
The Risks in Central-Bank Balance Sheets Are Clear – Bloomberg
Switzerland’s Central Bank Made $55 Billion Last Year—More Than Apple – WSJ
The Bank of Japan Went on a Record ETF Buying Binge – Bloomberg
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