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FT still can only hint at market rigging by central banks – Chris Powell
TND Guest Contributor: Chris Powell |
In the conclusion of a series of articles about “asset bubbles,” today’s Financial Times shows that it is fully aware of market manipulation by central banks but still can’t bring itself to put those words together in the same sentence, nor to mention gold in that context.
From today’s article, written by the FT’s Ralph Atkins:
“Investors have seen central bankers suppressing market volatility; the VIX index of expected U.S. share price movements, known as the ‘Wall Street fear gauge,’ is at a seven-year low. …
“With their massively expanded balance sheets, central banks have come to dominate many markets, replacing the private sector. …”
Too bad that the series ends short of any specification of the most sensitive market central banks are dominating. But mainstream financial journalism in the West can go only so far. Apparently mere hints are supposed to be considered heroic.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Central Bankers Face ‘Confidence Bubble’
By Ralph Atkins
Financial Times, London
Wednesday, August 27, 2014
Frothy financial markets, asset prices at perilous highs, cautious investors pushed to take ever bigger risks — the side effects of central bank actions since the collapse of Lehman Brothers investment bank in late 2008 have been considerable. Little wonder there has been enough talk of asset “bubbles” for a Financial Times series.
Click here to continue reading the FT story.
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About Chris Powell:
Mr. Powell has been managing editor of the Journal Inquirer, a daily newspaper in Manchester, Connecticut, since 1974. He serves as the secretary/treasurer and a director of the Gold Anti-Trust Action Committee (GATA). Mr. Powell publishes GATA “dispatches” on stories relevant to the precious metals community: click here to access them and the GATA website. For additional information about precious metals, financial markets and the economy a 2 week free trial to GATA chairman Bill Murphy’s subscription service is available by clicking here. This article is reprinted on The News Doctors with permission.
Source: http://thenewsdoctors.com/ft-still-can-only-hint-at-market-rigging-by-central-banks/
