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CBs are openly stating, as official policy, that they will support stock and bond markets with whatever it takes…
Comment: It’s not the right approach, plus as the story implies the so called growth cost more than the result.
Why should they support the area of the economy stocks bonds etc, where profits prosperity and savings go?
They should support the start and the birth of wealth. The entry level citizen, after the day he graduates high school and enters the economy.
The support of that group in this man made artificial economy since 1913, was started in 1937 with the minimum wage maximum hours act.
That support ended after 1971 when they took the dollar off gold and and made or rigged, the outsourcing of US manufacturing and other various jobs.
Befor the de-peg in 1971, we quietly lost half our gold supply to savvy foreign nations between ‘34 and ‘71.
After the leaches were cut off, they proceeded to remove our businesses and jobs. After that, removing inflation adjustment support for entry level people, lower real wages, created more jobs to off set all the millions of exported ones.
If the system implodes again like 1929 and 2008, they (big business and banking) may add support again like 1937, for there own good. Of course.