Keynesian Central Bankers—The Useful Idiots Of Bubble Finance, Part 3

The chart monkeys were slipping and sliding again today for the third session in a row—rescued only by a blatantly obvious Fed-leaked stick save in the last minutes of trading. So we doubt very much that they are done buying the dip. That’s because after decades of Keynesian central banking predicated on “wealth effects” and stock market price-keeping, the risk/reward […]