The Fed Is Manipulating Markets... by Alex, MacroOps
“Central Banks are destroying capitalism…”
“Yellen has distorted true price discov… yada-yada-yada”
We’ve all heard the constant chorus of central bank bashing. The ridicule comes from a diverse crowd, ranging from retail Joe Schmoes to prominent hedge fund managers… and I admit, Fed economists make for easy targets.
But I figured some of you may want to know; Is this rancor justified… or are central banks just a popular scapegoat for traders who’ve continuously been on the wrong side of markets?
My answer is... yes and no. Helpful, right?
Don’t worry, I’ll explain. And lucky for us, to properly explain my answer we need to explore the central bank/market relationship. Understanding this dynamic is one...
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