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.

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