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World News See other World News Articles Title: "Nothing Else Matters": Central Banks Have Bought A Record $1.5 Trillion In Assets In 2017 (CIA bought $1 trillion in US bonds) One month ago, when observing the record low vol coupled with record high stock prices, we reported a stunning statistic: central banks have bought $1 trillion of financial assets just in the first four months of 2017, which amounts to $3.6 trillion annualized, "the largest CB buying on record" according to Bank of America. Today BofA's Michael Hartnett provides an update on this number: he writes that central bank balance sheets have now grown to a record $15.1 trillion, up from $14.6 trillion in late April, and says that "central banks have bought a record $1.5 trillion in assets YTD." The latest data means that contrary to previous calculations, central banks are now injecting a record $300 billion in liquidity per month, above the $200 billion which Deutsche Bank recently warned is a "red-line" indicator for risk assets. RELATED VIDEO Analysis: Global Turmoil Impacts U.S. Job Growth This, as we said last month, is why "nothing else matters" in a market addicted to what is now record central bank generosity. What is ironic is that this unprecedented central bank buying spree comes as a time when the global economy is supposedly in a "coordinated recovery" and when the Fed, and more recently, the ECB and BOJ have been warning about tighter monetary conditions, raising rates and tapering QE. To this, Hartnett responds that "Fed hikes next week & "rhetorical tightening" by ECB & BoJ beginning, but we fear too late to prevent Icarus" by which he means that no matter what central banks do, a final blow-off top in the stock market is imminent. He is probably correct, especially when looking at the "big 5" tech stocks, whose performance has an uncanny correlation with the size of the consolidated central bank balance sheet. Poster Comment: Problem is that our pension money will be the last to leave the market when the stocks are sold so we will suffer the greatest share price loss. Then we will suffer the greatest price increase at the stores. I added to the title about the $1 trillion in US bonds bought by the CIA to prevent the dumping of our T bills by China et al from tanking the Dollar. But these methods will only work for so long. My addition to the title refers to a separate transaction by the CIA from their drug profits. America’s Secret Multi-Trillion Dollar Black Ops Slush Fund https://vidrebel.wordpress.com/2016/01/25/americas-secret-multi-trillion- dollar-black-ops-slush-fund/ Post Comment Private Reply Ignore Thread
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