One Trader Warns “Market Realities Were Starkly Exposed This Week”
by Tyler Durden
ZeroHedge.com
08/13/2015
Certain market realities were starkly exposed this week as a result of the China currency moves, Bloomberg’s Richard Breslow writes. As Keynes is supposed to have said, “When the facts change, I change my opinion. What do you do, Sir?” Yet markets have been lulled into relying on the belief that this is no longer the case, and even if it is, any change will be stage managed for the comfort of institutional money managers. Gone are the days when you had to guess at the Fed’s policy by interpreting weekly money-market operations. But that can’t be done in any practical sense.
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