Charles Hugh Smith ... .......considering that the Elites primary - TopicsExpress



          

Charles Hugh Smith ... .......considering that the Elites primary tool of avoiding destruction is crippling the markets self-healing immune system: price discovery. Thanks to ceaseless interventions by central banks, the price discovery mechanism has been shattered: want to know the price of risk? Its near-zero. Yield on sovereign bonds? Near-zero. And so on. Prices have been so distorted (the ultimate goal of Central Planning everywhere, from China to the EU to Japan to the U.S.) that the illusion of stability is impossible without more intervention.
Posted on: Thu, 11 Sep 2014 17:29:29 +0000

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