Let the above chart sink in for a while. The BOJ now owns 75% of Japanese ETFs. The Swiss National Bank is now a hedge fund owning $85 billion of US stocks. The ECB is funding M&A deals at zero yields.
How can anyone be talking about the market economy in any major developed country? It was a casino before, but today even the casino owners would be surprised by the skill of governments and central banks.
Or should we all now start to invest in The Swiss National Bank? Price of their shares is up 11 days in a row, soaring 150% in the last two months. Where is the discussion about the risks involved? Is there any clear exit strategy and timeline for putting these assets out of central bank balance sheets? Will the productive economy end up being owned by governments in full as the time goes by? Is sky the limit?