Well, you don’t say? Risks remain on the downside, as they should. When was the last time you were worried about upside risks? For the love of Christ, when will they just admit QE is for life?
These central banks can never sell their securities without destroying the world. The Federal Reserve owns $2.4t in treasuries. Do you know what that’s called? A fucking doomsday weapon.
Earlier on the euro was making a spirited run on the almighty dollar. This, of course, was fucking child’s play. The ECB is committed towards $80b per mo in bond purchases, while we’re hiking rates like submental apes.
All of this is bullish for equities. The more central bank rigging, the better. Short sellers don’t stand a chance when the game is stacked against them like this.
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“These central banks can never sell their securities ”
Why sell? They all collude together inflating. The will collude together in partial and/or selective defaults. Nowhere to hide unless you are a bitch holding phyz gold and silver. But why do I even bother mentioning this when most of the ladies on this blog think that debt (USD) are assets.