Another conspiracy "theory" becomes conspiracy "fact" as
The FT reports "
a cluster of central banking investors has become major players on world equity markets." The report, to be published this week by the
Official Monetary and Financial Institutions Forum (OMFIF), confirms
$29.1tn in market investments,
held by 400 public sector institutions in 162 countries, which "could
potentially contribute to overheated asset prices." China’s State
Administration of Foreign Exchange has become “the world’s largest
public sector holder of equities”, according to officials, and we
suspect the Fed is close behind (courtesy of more levered positions at
Citadel), as the world's banks try to diversify themselves and "
counters the monopoly power of the dollar."
Which leaves us wondering where are the central bank 13Fs?
While most have assumed that this is likely, the recent
exuberance in stocks has largely been laid at the foot of another
irrational un-economic actor - the corporate buyback machine. However,
as The FT reports, what we have speculated as fact for many years now (given the
death cross of irrationality, plunging volumes, lack of engagement, and of course dwindling credibility of central planners)... is now fact...
http://www.blacklistednews.com/%22Cluster_Of_Central_Banks%22_Have_Secretly_Invested_%2429_Trillion_In_The_Market/35978/0/38/38/Y/M.html?utm_source=dlvr.it&utm_medium=twitter
