Monday, August 31, 2015

Our Entire Economy Depends On This Graphic..........

Our Entire Economy Depends On This Graphic

The "smartest central planners in the room" are nothing more than hostages to the "market" they created, a "market" which without explicit Fed support will tumble. In other words, the higher the market rises, the more likely the Fed will proceed with the rate hike which slams it right back down. And vice versa. It is no wonder air conditioners in the data centers housing the US algos farms and dark pools are overheating - not even the HFTs can make much sense of this particular circular logic.

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