Posted by sbaxman111 on 22nd of Jan 2016 at 09:46 am
On Wednesday the market rallied ferociously off of its lows do to
the Chinese manipulating its markets and the cheer that went up on
Wall Street. Despite the insane rally, it still closed lower
on the day
*PBOC TO INJECT 110B YUAN WITH 7-DAY REVERSE REPOS:
TRADER
*PBOC TO INJECT 290B YUAN WITH
28-DAY REVERSE REPOS: TRADER
*PBOC INJECTS MOST CASH IN
THREE YEARS IN OPEN-MARKET OPERATIONS
Thursday was the European Central
Bank's turn. Although its Chairman, Mario Draghi, did not cut
rates, he reminded everyone that there is no limit to the amount of
manipulating that he is willing to do to get what he wants: Higher
inflation and higher stocks.
Why did both of these central banks
make the moves that they did? Why do we now also hear on
financial television that the FOMC will not raise rates again this
year, and may even cut back to zero? Because stocks across
the globe are falling fast and that makes central planners
unhappy. In fact, more than 50% of the world's “wealth
effect” that was created since 2011 has been lost, which is
approximately $17-trillion.
With that type of mega-wealth
evaporation, the central planning nannies have a lot of work ahead
of them.
Apparently there were rumors of a coordinated central bank
"intervention". Fwiw I would think the boyz are happy with
jawboning for now and see what that gets them...
jmho
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Levin Commentary
Posted by sbaxman111 on 22nd of Jan 2016 at 09:46 am
On Wednesday the market rallied ferociously off of its lows do to the Chinese manipulating its markets and the cheer that went up on Wall Street. Despite the insane rally, it still closed lower on the day
*PBOC TO INJECT 110B YUAN WITH 7-DAY REVERSE REPOS: TRADER
*PBOC TO INJECT 290B YUAN WITH 28-DAY REVERSE REPOS: TRADER
*PBOC INJECTS MOST CASH IN THREE YEARS IN OPEN-MARKET OPERATIONS
Thursday was the European Central Bank's turn. Although its Chairman, Mario Draghi, did not cut rates, he reminded everyone that there is no limit to the amount of manipulating that he is willing to do to get what he wants: Higher inflation and higher stocks.
Why did both of these central banks make the moves that they did? Why do we now also hear on financial television that the FOMC will not raise rates again this year, and may even cut back to zero? Because stocks across the globe are falling fast and that makes central planners unhappy. In fact, more than 50% of the world's “wealth effect” that was created since 2011 has been lost, which is approximately $17-trillion.
With that type of mega-wealth evaporation, the central planning nannies have a lot of work ahead of them.
Apparently there were rumors of
Posted by john9o9 on 22nd of Jan 2016 at 05:54 pm
Apparently there were rumors of a coordinated central bank "intervention". Fwiw I would think the boyz are happy with jawboning for now and see what that gets them...
jmho