Tag Archives: WSJ: “Markets Are In Thrall To Central Banks Rather Than Caring About The Health Of The Economy”

ZeroHedge – WSJ: “Markets Are In Thrall To Central Banks Rather Than Caring About The Health Of The Economy” – 10 April 2014

ZeroHedgeIt was about 5 years ago, roughly the same time we launched our crusade against HFT, that we also first made the accusation that as a result of QE and the Fed’s central planning, the forward-looking, discounting mechanism formerly known as the “market” no longer exists, and instead has been replaced with a policy vehicle designed to create a “wealth effect” if only for those already wealthy. In other words, while HFT may have rigged the market, it was the Fed that has openly broken it. Continue reading