Some fantastic comments under that WSJ article; I particularly like this one.
And what happens to stock prices if and when central banks decide to it's time to sell. Could they EVER risk tanking stock markets by liquidating their equity positions? Their bond positions theoretically self-liquidate at maturity - but not so for stocks.
Then there's the issue of control. Might a central bank accumulate a position in some company to be the controlling shareholder? Maybe this is how free markets morph into Socialism. And, remember, these purchases are being made, not with real money, but with money fabricated out of thin air.
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