Cynical trade on light volume.
Within a range and a longer term trend, the markets and the supporting commentary from the financial news demimonde are pure manipulation.
And it appears that the Fed was aware of this artificiality as early as 2004 when it allowed the global banks inflate a fraudulent housing bubble in the US and in Europe, and failed in its responsibilities as regulator in addition to managing monetary policy and employment.
The better to loot them all, my dears. The privileged few must have their due, and honest work with all its risk is not on their agenda.
