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Alasdair Macleod: Elevating markets: A signal of reviving bank lending?
7:50a ET Friday, March 7, 2014
Dear Friend of GATA and Gold:
"Free markets are a myth," GoldMoney research director Alasdair Macleod writes today, "since capital markets are no longer where buyers and sellers meet to buy and sell things based on perceptions of value. Instead it is all about trends and trusting the Federal Reserve." He adds that since markets are still elevating even as the Fed purports to be reducing its bond purchases, the money pumping may have been picked up by a revival in bank lending. Macleod's commentary is headlined "Elevating Markets: A Signal of Reviving Bank Lending?" and it's posted at GoldMoney's Internet site here:
http://www.goldmoney.com/research/analysis/elevating-markets-a-signal-of...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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