/biz/ - Business & Finance

>Central banks buying stocks are effectively nationalizing US corporations just to maintain the illusion that their “recovery” plan is working because they have become the banks that are too big to fail. At first, their novel entry into the stock market was only intended to rescue imperiled corporations, such as General Motors during the first plunge into the Great Recession, but recently their efforts have shifted to propping up the entire stock market via major purchases of the most healthy companies on the market.
>As Russia became more of a free-market economy, the United States has started to look more like the centrally-planned economy of the former Soviet Union. Markets have been centrally manipulated beyond the repair.
Welcome to centrally planned communism biz.

https://mikesmoneytalks.ca/central-banks-buying-stocks-have-rigged-us-stock-market-beyond-recovery/