{"id":6974,"date":"2015-03-30T18:46:17","date_gmt":"2015-03-30T23:46:17","guid":{"rendered":"http:\/\/olduvai.ca\/?p=6974"},"modified":"2015-03-30T18:46:17","modified_gmt":"2015-03-30T23:46:17","slug":"why-the-mania-is-getting-scary-central-bankers-are-running-a-doomsday-machine","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=6974","title":{"rendered":"Why The Mania Is Getting Scary\u2014-Central Bankers Are Running A Doomsday Machine"},"content":{"rendered":"<h3 class=\"entry-title\"><a href=\"http:\/\/davidstockmanscontracorner.com\/why-the-mania-is-getting-scary-central-bankers-are-running-a-doomsday-machine\/\" target=\"_blank\">Why The Mania Is Getting Scary\u2014-Central Bankers Are Running A Doomsday Machine<\/a><\/h3>\n<p>If you need evidence that we are in the midst of a lunatic financial mania, just consider this summary from a\u00a0Marketwatch commentator\u00a0as to why markets are ripping higher\u00a0this morning:<\/p>\n<blockquote><p><em><strong>\u201cThe dovish comments from both Fed Chairwoman Janet Yellen and People\u2019s Bank of China Governor Zhou Xiaochuan are giving markets a big lift,<\/strong><\/em>\u00a0and in the absence of negative data or news, I imagine this will continue to buoy the markets throughout the session,\u201d Erlam said in emailed comments.<\/p>\n<p>Yellen said gradual hikes are likely this year, but that the central bank will move<em><strong>cautiously<\/strong><\/em>\u2026\u2026.\u00a0the\u00a0<a class=\"icon none\" href=\"http:\/\/www.marketwatch.com\/story\/china-central-bank-chief-warns-of-us-dollar-strength-2015-03-29\" target=\"_blank\">PBOC governor said<\/a>\u00a0he saw\u00a0<em><strong>\u201cmore room<\/strong><\/em>\u201d for China to ease policy if the economy stays soft and inflation continues to weaken.<\/p><\/blockquote>\n<p>Its just that frightfully simple. If any of the major\u00a0central banks anywhere on the planet ease or\u00a0even hint they might, the robo machines and day traders unleash an avalanche\u00a0of buy orders and the stock averages jerk higher.<\/p>\n<p>Indeed, Zero Hedge captured the motion succinctly this AM. In keeping with Bernanke\u2019s inaugural blog revelation that 98% of monetary policy consists of \u201copen mouth\u201d operations, the markets\u00a0leapt upwards on cue. That is, if\u00a0central banker jaws are flapping, then buy!<\/p>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why The Mania Is Getting Scary\u2014-Central Bankers Are Running A Doomsday Machine If you need evidence that we are in the midst of a lunatic financial mania, just consider this summary from a\u00a0Marketwatch commentator\u00a0as to why markets are ripping higher\u00a0this morning: \u201cThe dovish comments from both Fed Chairwoman Janet Yellen and People\u2019s Bank of China [&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":[68,124,130,2120,303,305,451,2914,2615,4318,4521],"class_list":["post-6974","post","type-post","status-publish","format-standard","hentry","category-economics","tag-ben-bernanke","tag-central-banks","tag-china","tag-david-stockman","tag-fed","tag-federal-reserve","tag-janet-yellen","tag-pboc","tag-peoples-bank-of-china","tag-zerohedge","tag-zhou-xiaochuan"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6974","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=6974"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6974\/revisions"}],"predecessor-version":[{"id":6975,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6974\/revisions\/6975"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}