GOLD 0.51% $1,391.7 gold futures

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  1. 12,060 Posts.
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    And is fed buying or to buy stocks as said would do whatever???? ELECTION & BUBBLE & POP

    "After all, the Fed is already intervening in:

    • The Treasury markets (US sovereign debt)
    • The municipal bond markets (debt issued by states and cities)
    • The corporate bond markets by index (debt issued by corporations)
    • The corporate bond markets by individual corporate bonds (debt issued specifically by corporations)
    • The commercial paper markets (short-term corporate debt market)
    • And the asset-backed security markets (everything from student loans to certificates of deposit and more).

    It won’t be the first central bank to do so…

    The central bank of Switzerland, called the Swiss National Bank has been buying stocks for years. Yes. It literally prints money and buys stocks in the U.S. stock markets.

    Then there’s Japan’s central bank, called the Bank of Japan. It also prints money and buys stocks outright. As of March 2019, it owned 80% of Japan’s ETFs.

    Yes, 80%."

    https://www.zerohedge.com/news/2020-09-01/fed-preparing-buy-stocks-were-going-see-major-bubble
    FED
    Fairy DUST in Wonderland and none of it a way out of this long created MESS. POP
 
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