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Minyan Mailbag: Insatiable Risk

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Minyans are hopefully preparing (reducing risk) before the herd turns.

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Professor Succo,

Here's the conspiracy theory... The Fed is removing the data so that the Plunge Protection Team can hide their market manipulative equity buying activities... OK, you've never heard of this so-called Plunge Protection Team? Go to Google and put that term in, it's pretty amazing but again, it's the stuff that conspiracy campers love! This is how Robert McHugh of Safehaven.com tells it:

"You see, one of the key differences between M-2 and M-3 is repurchase agreements. This is perhaps the most obvious reporting item where the Plunge Protection Team's market buying transactions show up. If they no longer report this item, folks like us who monitor the growth of M-3 for clues as to when the PPT is likely to buy the market will have a harder time reporting the fact before, or even as, the PPT buys. Investors will be left more in the dark to any secret rigging of the stock market."

See, that stuff is deep, but it's interesting and since it's right up there on my hit parade, I thought I would share it with you!

When does stuff like this ultimately have a BIG negative impact on the dollar, treasuries, equities, etc? It's truly remarkable how the whole experiment is holding together.

Minyan Chuck

MN,

I don't think it is remarkable. All of Wall Street is geared for higher stock prices; no one there is going to complain. The masses are generally not even aware of the effect of the "reflation" gambit being played out through the hubris (they will fail ultimately) of our central bankers.

The market will eventually get past the damage being done to the real economy through unsupportable debt levels. It is only a matter of time and price. Until then, those that understand can only get out of the way of the insatiable risk taking that is occurring. At the same time, Minyans are hopefully preparing (reducing risk) before the herd turns.

No positions in stocks mentioned.

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