Monday, 16 June 2014
Central banks hold $30tn of market investments.
That’s according to this FT article. What on Earth for? The article says “The report, seen by the Financial Times, identifies $29.1tn in market investments, including gold, held by 400 public sector institutions in 162 countries.”
So stuffing the pockets of the asset rich is a good way of bringing stimulus? Absolutely brilliant.