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Central Banks Step Up Stock Buying

Tuesday, May 14, 2013 - 9:57 PM

Dear Readers,

Yes, indeed ...  you read the title right ... It indeed states "Stocks", not "Bonds".


Some quotes:
Demand for stocks is coming from some seemingly unlikely sources: global central banks and bond mutual funds.



Last month, Central Bank Publications and Royal Bank of Scotland Group Plc conducted a survey of 60 central bankers. Nearly 25% of respondents said they own stock shares or plan to buy them. The Bank of Japan, featured heavily in the news recently and holder of the world's second-largest level of reserves, said it will more than double investments in stock exchange-traded funds by 2014. The Bank of Israel bought stocks for the first time last year, and the Swiss National Bank and Czech National Bank have upped their holdings to at least 10% of reserves.


Yours Truly,
- Anon
In FED I Trust  :-)
ytytytytytytytyt158 posts since
Jan 28, 2013
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