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

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    Central banks shift into shares as low rates hit revenues

    Central banks around the world, including China’s, have shifted decisively into investing in equities as low interest rates have hit their revenues, according to a global study of 400 public sector institutions.


    “A cluster of central banking investors has become major players on world equity markets,” says a report to be published this week by the Official Monetary and Financial Institutions Forum (Omfif), a central bank research and advisory group. The trend “could potentially contribute to overheated asset prices”, it warns.


    Central banks are traditionally conservative and secretive managers of official reserves. Although scant details are available of their holdings Omfif’s first “Global Public Investor” survey points out they have lost revenues in recent years as a result of low interest rates – which they slashed in response to the global financial crisis.
    Source: Financial Times

    The Fed is not mentioned, but it can safely be presumed they are one of the other major buyers. Your "recovery" ladies and gentlemen.
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    Re: Central banks shift into shares as low rates hit revenues

    And how would they define equities?

    REITs are an equity,
    Derivatives some believe are an equity,
    Bonds of course,
    What about loan guarantees?

    I wouldn't trust what comes from them very far, but it would trust they hope to maintain the status quo as,long as possible for after that life will be a lot different and a lot less enjoyable.


    Quote Originally Posted by Demon of Light View Post
    Source: Financial Times

    The Fed is not mentioned, but it can safely be presumed they are one of the other major buyers. Your "recovery" ladies and gentlemen.

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

    Quote Originally Posted by Demon of Light View Post
    Source: Financial Times

    The Fed is not mentioned, but it can safely be presumed they are one of the other major buyers. Your "recovery" ladies and gentlemen.
    The audited Fed financial statements are available here:
    FRB: Fed financial statements - Credit and Liquidity Programs and the Balance Sheet

    You can look at their balance sheet yourself if you want. If the Fed was purchasing stocks it would first off be huge news, and second off probably show up on their balance sheet in a specific, descriptive line item. As of year end 2013 there is no such line item.
    "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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    Re: Central banks shift into shares as low rates hit revenues

    Quote Originally Posted by Khayembii Communique View Post
    The audited Fed financial statements are available here:
    FRB: Fed financial statements - Credit and Liquidity Programs and the Balance Sheet

    You can look at their balance sheet yourself if you want. If the Fed was purchasing stocks it would first off be huge news, and second off probably show up on their balance sheet in a specific, descriptive line item. As of year end 2013 there is no such line item.
    I prefer wild speculation and doomsday predictions, thank you.
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    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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

    If true, it's possible that the FDIC would have to file for bankruptcy if the market were to crash. 1929 all over again.

    But wait: If they were too big to fail then we could um... ....print more money!

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

    Quote Originally Posted by Khayembii Communique View Post
    The audited Fed financial statements are available here:
    FRB: Fed financial statements - Credit and Liquidity Programs and the Balance Sheet

    You can look at their balance sheet yourself if you want. If the Fed was purchasing stocks it would first off be huge news, and second off probably show up on their balance sheet in a specific, descriptive line item. As of year end 2013 there is no such line item.
    Of course, they would not have a line item saying "stocks" or "equities" as that would give up the ghost. There are ways to conceal it.
    "For what is Evil but Good-tortured by its own hunger and thirst?"
    - Khalil Gibran

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

    Quote Originally Posted by Demon of Light View Post
    Of course, they would not have a line item saying "stocks" or "equities" as that would give up the ghost. There are ways to conceal it.
    Yes, Deloitte is in on it. Give me a break.
    "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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    Re: Central banks shift into shares as low rates hit revenues

    Quote Originally Posted by Khayembii Communique View Post
    Yes, Deloitte is in on it. Give me a break.
    It would hardly be the first time they covered for people they were auditing:

    Deloitte settles in Adelphia scandal - FinanceGates.com

    http://www.chinadaily.com.cn/bizchin...ent_556998.htm

    Standard Chartered: Deloitte rejects US claims - Telegraph

    They can give a fully accurate report that is, simultaneously, completely deceitful.
    "For what is Evil but Good-tortured by its own hunger and thirst?"
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    Re: Central banks shift into shares as low rates hit revenues

    This thread should probably be moved to the conspiracy theories forum at this point.
    "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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    Re: Central banks shift into shares as low rates hit revenues

    Quote Originally Posted by Khayembii Communique View Post
    This thread should probably be moved to the conspiracy theories forum at this point.
    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.
    "For what is Evil but Good-tortured by its own hunger and thirst?"
    - Khalil Gibran

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