Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Minyan Mailbag: Insatiable Risk


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


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 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


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.

< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos