Lashed To The Zero Bound—–The Fed’s Ship Of Fools

If you don’t think financial markets have been utterly destroyed by central bank intrusion then how can you explain Friday’s 460 Dow point reversal higher after the post-NFP low?  It was pure machine rage triggered by another implied “lower for longer” Fed policy signal. While I think the BLS establishment survey isn’t worth the paper it’s manipulated on, it did take a […]

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