lol, Fuddruckers always reminds me of Idiocracy, which this thread reminds me of as well
This rally is going to be a wild one. Monetizing everything now! AAPL to $900 Anything is possible now.In other words, while the Fed's charter forbids it from buying US equities outright, it certainly can promise that it will bail out such bosom friends as the Bank of Israel, the Swiss National Bank, and soon everyone else, if and when their investment in Apple should sour.The Bank of Israel will begin today a pilot program to invest a portion of its foreign currency reserves in U.S. equities.
The investment, which in the initial phase will amount to 2 percent of the $77 billion reserves, or about $1.5 billion, will be made through UBS AG and BlackRock Inc. (BLK), Bank of Israel spokesman Yossi Saadon said in a telephone interview today. At a later stage, the investment is expected to increase to 10 percent of the reserves.
A small number of central banks have started investing part of their reserves in equities. About 9 percent of the foreign- exchange reserves of Switzerland’s central bank were invested in shares at the end of the third quarter, the Swiss bank said on its website.
The investment will be made in equity index trackers and will include between 1,500 to 2,000 shares, among them stocks like Apple Inc. (AAPL), Saadon said.
Luckily, this means that the exponential phase in risk is approaching as everyone will now scramble to frontrun central bank purchases no longer in bonds, but in stocks outright, leading to epic surges in everything risk related, then collapse and force the Fed to print tens of trillions to bail everyone out all over again, rinse repeat, until this chart becomes asymptotic. We say luckily, because it means that the long overdue systemic reset is finally approaching.
oh no! who would have thought!!!??? SpasticGramps ranting on and on about "fiat this, fiat that" ??? lol!!!
I just think it is really cool that the banks now have 100% more on their balance sheets in a four year period, and almost every individual and family's balance sheet has shrunk or stagnated.
I guess there is no inflation and the world populace isn't being fleeced. How wonderful the kool-aid tastes.
I love having you as my little mindless troll.oh no! who would have thought!!!??? SpasticGramps ranting on and on about "fiat this, fiat that" ??? lol!!!
I love having you as my little mindless troll.
WTI just blew past $110my wallet screams with agnozing pain lol...
No but this thread is about the stock market of which commodities are part of. You post graphs in this thread. Why do you keep trolling it like a like 5 year old with your mindless drivel?so what? you think the whole world depends on whether those graphs move this way or that way?
grow up.
who gives a fuck about the fed's balance's sheet?
I could use it as toilet paper it it were printed on tissue.
who gives it such sheets meaning?
you!
why do you do that?
who taught you to give meaning to such meaningless shit?