Wall St. For Main St., Released on 5/10/21
In the last 2 weeks, an important news item was not covered (at all) by the mainstream financial media: how central banks are now pulling out Dollar liquidity by cancelling some US Dollar currency swap lines!
Central banks to reduce dollar liquidity provisions: www.marketwatch.com/story/cen…
According to the short press release issued, “The Bank of England, the Bank of Japan, the European Central Bank and the Swiss National Bank, in consultation with the Federal Reserve, have jointly decided to discontinue offering U.S. dollar liquidity at the 84-day maturity, starting in July.”
Will pulling out more and more liquidity be another signal that US stock markets have topped and may crash in the next 6 or so months?
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.