Trump’s New Dark Money Man Takes Over

• Trump’s New Dark Money Man Takes Over
  by NOMI PRINS, https://dailyreckoning.com/
  During her last news conference in December, Janet Yellen stood firm on her record stating, “The global economy is doing well. We’re in a synchronized expansion. This is the first time in many years that we’ve seen this.”
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  While attempting to lock in her record, Yellen urged, “There’s less to lose sleep about now than has been true for quite some time.” Well, a lot of people lost sleep these past few days. And they might lose more sleep in the days to come. Markets were due for a correction. Whether it turns out to be something worse, time will tell.
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  A recent article in MarketWatch said 2018 could “be the year the stock market rally screeches to a halt.” That’s because at some point debt bubbles are going to pop, and after they do, stocks will follow. The Fed has continued to provide what I call dark money to big Wall Street banks while they continue to buy back their shares with it.
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  Dark money comes from central banks. Ultimately, central banks “print” money or electronically create funds to purchase bonds or stocks. They also use tools like adjusting interest rate policy and currency agreements with other central banks.
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  Dark money then flows out to the biggest Wall Street banks and financial institutions. Policy makers set the tone for central bank fabrication and movements of money through markets, banks and the world.
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  read more.

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