Updated: Return of the Plunge Protection Team. [Recapped]

by VBL Article

"Updated: one logical question to this could be “why would the Fed support stocks if their stated goal is to decrease wealth effect, and lower demand, thereby ideally lowering inflation?” The answer to that question is in the comments. The short version is: they are not stopping the descent, just slowing it. And then there is this:

YELLEN SAYS WE'VE ASKED CONGRESS TO ALLOW US TO LEND $21 BLN IN SDRS TO IMF TRUSTS, HOPING FOR APPROVAL.

Which supports the larger point. It ain’t just about the US. The PPT is protecting the world now.