Stock markets are now addicted to stimulus – and central banks have no exit plan, Guggenheim’s Scott Minerd says

Markets Insider/Shalini Nagarajan

Repost from 10-21-2021

“Minerd said central banks are acting in a way they have never done before. ‘The role of the central bank was to provide marginal liquidity at the times of crisis, and then to withdraw it after the economy started to stabilize and come back,’ Minerd said. ‘Central banks are now running the markets.'”

USAGOLD  note: If one were to accept Minerd’s conclusions, and there is plenty of evidence that his assumptions are correct, the obvious questions are: Where does all of this lead us? Are we on a permanent high or heading blindfolded for the gangplank?

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