by Bill Holter, Miles Franklin:
I have written many times regarding the “manipulation” of various markets. I have explained that money supply, currency crosses and interest rates are all “admittedly” manipulated and done so officially. When this is done, we usually get some sort of explanation as to “why.” Such as the economy is too weak, too strong (days long gone by), inflation or unemployment are too high or what have you. These “levers” are pushed and pulled and done so publicly. Years ago this was never done “publicly” but later in Alan Greenspan’s term and more so during Bernanke’s reign, in an effort to create “transparency” (sarcasm intended by both myself AND the Fed) the Fed started announcing what they were doing. I could go on a long tirade on this topic alone but suffice it to say, the Fed started to “announce” policy to get more traction with jawboning.
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