{"id":19216,"date":"2016-03-27T17:17:21","date_gmt":"2016-03-27T22:17:21","guid":{"rendered":"http:\/\/olduvai.ca\/?p=19216"},"modified":"2016-03-27T17:18:10","modified_gmt":"2016-03-27T22:18:10","slug":"has-the-biggest-of-all-bubbles-popped-central-bank-omnipotence","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=19216","title":{"rendered":"Has The Biggest Of All Bubbles Popped: Central Bank Omnipotence?"},"content":{"rendered":"<header>\n<h3 class=\"entry-title\"><a href=\"http:\/\/markstcyr.com\/2016\/03\/27\/has-the-biggest-of-all-bubbles-popped-central-bank-omnipotence\/\" target=\"_blank\">Has The Biggest Of All Bubbles Popped: Central Bank\u00a0Omnipotence?<\/a><\/h3>\n<div class=\"entry-meta\">Since the initial turmoil began with the onset of what is now referred to as \u201cThe great financial crisis.\u201d One strategy has proven more profitable than any other. That strategy? BTFD (buy the f___n\u2019 dip.)<\/div>\n<\/header>\n<div class=\"entry-content\">\n<p>Regardless of what proprietary advice (short of insider trading,) nothing, as well as, nobody has had a track record worthy of comparison. All one has needed to do is, whenever a selloff occurred (as rare as they had been,) when \u201cthe dip\u201d presented itself, the only thing to do was to \u201cbuy, buy, buy!\u201d<\/p>\n<p>Forget 2\/20 management. Forget stock picking. Forget listening to experts, economists, fund managers, et al. You would beat them all over the last 6+ years if you just BTFD, then bought some more. It had been that easy. However, if it was that easy \u2013 why didn\u2019t everyone \u201cjust do it?\u201d Easy\u2026<\/p>\n<p>A great many (and I put myself squarely in this camp) still believed that the fundamental laws governing free markets and stocks were still at play. No one, and I do mean that as in\u00a0<em>nobody<\/em>\u00a0with a modicum of business acumen thought, let alone believed the extent, as well as, the vast amounts of money printed\u00a0<em>ex nihilo<\/em>\u00a0by the Fed. would go on not only for as long, but also, in the amounts to which it has.<\/p>\n<p>Now, today, some $4,000,000,000,000.00+ (i.e., over 4 TRILLION) later what has all this balance sheet accrual bought? Probably the bubble of all bubbles. The irony? That \u201cbubble\u201d is in the only true asset the Fed. had left. e.g., Confidence in their omnipotence. And it\u2019s beginning to look more like it\u2019s already popped with every passing FOMC meeting. And just as the name \u201cbubble\u201d implies \u2013 all it needed was the tiniest of pins to bring it crashing down.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Has The Biggest Of All Bubbles Popped: Central Bank\u00a0Omnipotence? Since the initial turmoil began with the onset of what is now referred to as \u201cThe great financial crisis.\u201d One strategy has proven more profitable than any other. That strategy? BTFD (buy the f___n\u2019 dip.) Regardless of what proprietary advice (short of insider trading,) nothing, as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[49,1806,124,303,305,6594,8389,661,662,1138],"class_list":["post-19216","post","type-post","status-publish","format-standard","hentry","category-economics","tag-balance-sheet","tag-bubble","tag-central-banks","tag-fed","tag-federal-reserve","tag-mark-st-cyr","tag-omnipotence","tag-qe","tag-quantitative-easing","tag-stock-market"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19216"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19216\/revisions"}],"predecessor-version":[{"id":19217,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19216\/revisions\/19217"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}