Howestreet.com - the source for market opinions

ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

October 19, 2021 | Self-Dealing Central Banks all in with No Plan to Sobriety

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

Central banks are not actually “running markets.” They are running market psychology, that is, for so long as participants are willing to buy in. As we saw last in March 2020, once misplaced confidence inevitably falters, risk bets implode rapid-fire, all at once.  This multi-trillion dollar game of chicken run by the self-dealing financial cartel is certain to be more systemically devastating than in 2000, 2008 and 2020.  Who likes the odds here?

Guggenheim Partners Chief Investment Officer Scott Minerd says markets are becoming “addicted” to central bank stimulus. He speaks at the Milken Institute’s 2021 Global Conference.

Here is a direct video link.

Also, see This is how long the Fed cover-up has been going on for more insight on frontrunning and insider dealing among central bank members.

 

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.

October 19th, 2021

Posted In: Juggling Dynamite

Post a Comment:

Your email address will not be published.

All Comments are moderated before appearing on the site

*
*

This site uses Akismet to reduce spam. Learn how your comment data is processed.