Why Traders Are Angry: “The Fed Is Modeling Distortions It Helped Create”

Tuesday, April 5, 2016
By Paul Martin

by Tyler Durden

It’s important to realize that the inexorable buying of debt securities by global central banks has so distorted markets that no one can actually know what’s implied by market pricing: other than monetary policy run amok. Just this week several central banks warned they have plenty more ammunition to ease further. After all, its done so much good. Wave after wave of price insensitive frenzy and disregard for risk make these debates merely an academic exercise. But, scarily, one that directly influences policy.

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