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This 'Market' Discounts Nothing except Monetary Cocaine

By David Scott | Monday 25 July 2016


We are used to a world of distortion by politicians, but when it feeds into a financial system via central bankers we are right to proceed with extreme caution. Even the central banks themselves get confused by their own actions as the old models don’t work; currencies don’t react the way they are expected to; corporates don’t behave as they want them to.  Central Bankers and interventionist governments have knowingly distorted financial markets. They have stopped markets functioning as free markets.

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