Chart Of The Day: Central Bank Intervention For Dummies
It's become readily apparent to me lately that retail investors do not appreciate the extent to which the returns they've enjoyed since 2009 are directly attributable to central bank largesse.
Normally, we could just write that off as harmless naiveté, but at this point it's dangerous. Most investors have no conception whatsoever of the extent to which their performance is in no way, shape, or form a product of their own acumen but rather an inevitable consequence of the rising central bank
lesson for the central banks is just to use a bottomless punch bowl
Well there you have it, damned if you do and damned if you don’t. Yes the central banks have painted themselves in the proverbial corner. The 1st problem is to hand out more corporate welfare (priming the pump) having to spend about $4 for every $1 in GDP and add more debt to THE DEBT PROBLEM we already have. The 2nd problem is turning off our free money addiction and that will start the death throes of a fiat money, market manipulated scam which we (American public) will pay for one way or another. Sound good sign me up!