This Is What It Looks Like When Central Banks Lose Control…”the government and every plunge protected is sold into by a desperate population burned…”
by Tyler Durden
ZeroHedge.com
07/03/2015
In the utopian world of US equities – where every dip is a buying opportunity and “The Fed’s got your back,” – it is blasphemous for anyone to suggest this state of affairs cannot go on forever is extreme. However, as China encountered an accelerated version of the farce that the US has experienced in the past few years, the same “The PBOC’s got your back” mentality dominated every fundamental fact and central bank omnipotence was doctrine. That is until 2 weeks ago… when modest efforts to rein in exponentially-growing leverage pricked the new normal’s narrative. Now every “save” by the government and every plunge protected is sold into by a desperate population burned…
The Rest…HERE
