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Thread: Central banks shift into shares as low rates hit revenues

  1. #11
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    Re: Central banks shift into shares as low rates hit revenues

    Quote Originally Posted by Demon of Light View Post
    The article points out the Chinese, Danes, and Swiss, are buying stocks through their central banks, yet you call it a conspiracy theory to suggest the Federal Reserve might be doing the same? Garbage. Deloitte has "missed" things before during their audits and pretty big things at that. Whether they were complicit or just negligent in those past cases, it does not inspire confidence that their audit would explicitly single out something of public interest. Your faith in the system is completely unwarranted.
    yes, if the Japanese Central Bank can invest in their equities market AND Yellen has stated her support for Abenomics - why is it illogical that the Fed might pursue the same course?

    It's funny, every time Keynesian-lovers like KC cannot adequately spin a big government-negative report...they immediately call it a conspiracy and ask the mods to move it to the conspiracy section.

    I think you struck a nerve.

    Anyone that thinks the audits that the Fed releases give a complete picture of what the Fed does and/or spends money on simply does not know what they are talking about.

    Just ask the Belgians if the Fed can buy/get others to buy things 'off the books'?


    When will the world face facts - the Fed are macroeconomic ignoramuses that have not a clue what they are doing and are just trying to put out every new fire that starts to begin.
    The Fed are great bean counters...but HORRIBLE economists.

    Anyone that doubt's it need only look at the Fed minutes in 2007 as the housing market started to collapse...they were clueless as to the extent of what was going on - including Yellen.

    http://www.cbsnews.com/news/transcri...imated-crisis/

    These glorified bank managers have not a clue what they are doing (IMO)...and yet they are the most powerful economic organization on the planet.
    Last edited by DA60; 06-19-14 at 10:33 AM.

  2. #12
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    Re: Central banks shift into shares as low rates hit revenues

    Quote Originally Posted by Demon of Light View Post
    The article points out the Chinese, Danes, and Swiss, are buying stocks through their central banks, yet you call it a conspiracy theory to suggest the Federal Reserve might be doing the same? Garbage. Deloitte has "missed" things before during their audits and pretty big things at that. Whether they were complicit or just negligent in those past cases, it does not inspire confidence that their audit would explicitly single out something of public interest. Your faith in the system is completely unwarranted.
    Yes, it is a conspiracy theory because you are theorizing that the Fed is secretly conspiring to purchase stocks and hide it off their financials, and that Deloitte is in on this conspiracy.
    "I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."

  3. #13
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    Re: Central banks shift into shares as low rates hit revenues

    Quote Originally Posted by DA60 View Post
    yes, if the Japanese Central Bank can invest in their equities market AND Yellen has stated her support for Abenomics - why is it illogical that the Fed might pursue the same course?

    It's funny, every time Keynesian-lovers like KC cannot adequately spin a big government-negative report...they immediately call it a conspiracy and ask the mods to move it to the conspiracy section.
    There's no news here. I think it's possible that the Fed could get into that practice, though I don't think it will actually happen, and if it does it will be public knowledge because the Fed is very interested in being open about its monetary policy.

    The issue isn't whether or not they could, it's if they're doing it right now. And saying that they're doing it right now, in secret, and that one of the largest accounting firms in the world is in on this secret, is the conspiracy.

    Anyone that thinks the audits that the Fed releases give a complete picture of what the Fed does and/or spends money on simply does not know what they are talking about.
    The financial statements speak for themselves. There aren't any stocks on its balance sheet. Simple as that. I'm sorry that you think they are some big scary villainous organization that's bent on...whatever the hell you believe they're bent on, but you just sound silly.
    "I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."

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