The main thing that is going on in the world is that central banks all over the world are printing huge amounts of money and governments are borrowing and spending huge amounts of money.Every day the Bank of Japan goes in there and starts printing money as fast as it can and is buying stocks, buying ETFs, buying bonds.
About somewhat the same is happening all over the world. In the US, they are not buying stocks. We do not think yet, but they are buying everything else. This is insane. But it is great for investors, it is great for stockbrokers, it is great for ETNow. Is it good for the world? No.
So if global central bankers are likely to print more money and if interest rates are likely to remain low, then what could be the end game for equities and for this so-called summer madness which we have seen in just about every asset class?
First you must remember that in America, there is an election in Nov. And in Washington, they are doing everything they can to get re-elected.
So if global central bankers are likely to print more money and if interest rates are likely to remain low, then what could be the end game for equities and for this so-called summer madness which we have seen in just about every asset class?
First you must remember that in America, there is an election in Nov. And in Washington, they are doing everything they can to get re-elected.
That is what they do. They do not care about us. They do not care about our children. They care about getting elected. So until November anyway, this is all going to continue in the US. But other places will probably follow too. The end game?
- Source, ET, read the full article here
