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

Thursday, April 10, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
04/10/2014

It 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. Today, none other than the WSJ is the latest to confirm this.

The Rest…HERE

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