Central Banks Tell Markets: "You’re On Your Own Now"

Bugsy · Sep 21, 2020

1. Major central banks prefer the status quo, for now.

The Fed and BOJ joined other major central banks, including the ECB, to stay put as the global economy recovers. The Fed signaled that rates will remain near zero through at least 2023, but stopped short of adjusting its QE program. Only the Bank of England bucked the trend, giving the strongest signal yet that it may wade into negative interest rates in preparation for a potentially messy Brexit...

https://www.zerohedge.com/markets/central-banks-tell-markets-youre-your-own-now

Nobert · Sep 21, 2020

Probably because of this

Scataphagos · Sep 21, 2020

Powell initially tried to pare down the Fed's balance sheet and raise rates... which he should have done.

Then he acquiesced to political pressures from Trump to print money and provide ridiculous liquidity for the markets.

Glad to see he's not pressing that "meme" and is (at least temporarily) exercising some restraint (at least until Trump has another hissy-fit that the Fed "isn't printing enough to get me re-elected".)

volpri · Sep 21, 2020

Scataphagos said:
Powell initially tried to pare down the Fed's balance sheet and raise rates... which he should have done.

Then he acquiesced to political pressures from Trump to print money and provide ridiculous liquidity for the markets.

Glad to see he's not pressing that "meme" and is (at least temporarily) exercising some restraint (at least until Trump has another hissy-fit that the Fed "isn't printing enough to get me re-elected".)

Hissy fit? We ain’t seen one yet. The Fed doesn’t elect the president..ROFLMAO. Just wait for the hissy fit (From dems) when Mr T wins by a landslide. He will win electoral by landslide. He will win popular too but it may not be by landslide. Not only will there be many hissy fits but many crocodile tears........they made their bed now they gotta lay in it.....they built their little blue wagon now they gotta pull it......LOL

Scataphagos · Sep 21, 2020

volpri said:
Hissy fit? We ain’t seen one yet. The Fed doesn’t elect the president..ROFLMAO. Just wait for the hissy fit (From dems) when Mr T wins by a landslide. He will win electoral by landslide. He will win popular too but it may not be by landslide. Not only will there be many hissy fits but many crocodile tears........they made their bed now they gotta lay in it.....they built their little blue wagon now they gotta pull it......LOL

Hope you're correct.

A win of the WH and control of Congress will be the death knell of America.

SunTrader · Sep 21, 2020

Can't wait .... for reality to return. And Central Banksters to have their hands tied somehow someway.

Tradex · Sep 21, 2020

Bugsy said:
https://www.zerohedge.com/markets/central-banks-tell-markets-youre-your-own-now

Central banks ARE the market, no matter what they are saying, suggesting or implying.

Tradex · Sep 21, 2020

SunTrader said:
And Central Banksters to have their hands tied somehow someway.

They will never have their "hands tied somehow someway".

SunTrader · Sep 21, 2020

Tradex said:
They will never have their "hands tied somehow someway".

Never is a long time.

zdreg · Sep 21, 2020

volpri said:
Hissy fit? We ain’t seen one yet. The Fed doesn’t elect the president..ROFLMAO. Just wait for the hissy fit (From dems) when Mr T wins by a landslide. He will win electoral by landslide. He will win popular too but it may not be by landslide. Not only will there be many hissy fits but many crocodile tears........they made their bed now they gotta lay in it.....they built their little blue wagon now they gotta pull it......LOL

I hope you are right. God help the US if the Republicans lose both the presidency and the senate.