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Dave Kranzler: Market intervention creep
Don't Panic -- The Fed Is Control of the Markets
By Dave Kranzler
Investment Research Dynamics
Monday, June 29, 2015
If today's market action does not convince the last skeptics that the U.S. financial markets are completely rigged, nothing will.
The action in the U.S. markets today after the Greece/EU situation hit a wall today demonstrates the degree of control the Fed and the U.S. central planners have over the markets now. ...
Ever since 1987, and since President Reagan signed the executive order that authorized the Plunge Protection Team to prop up the stock markets, there's been market intervention "creep" in this country. Robert Rubin's role as secretary of treasury was to transition the Working Group on Financial Markets from its stock market-propping function into a full-fledged, all-encompassing market intervention mechanism. ...
... For the full commentary:
http://investmentresearchdynamics.com/dont-panic-the-fed-is-control-of-t...
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