Jim Grant: "The Fed Is Now In The Business Of Manipulating The Stock Market...Should Confess It Has Sinned Grievously"
The fact that the Fed, through Wall Street, is managing the Dow and S&P is no surprise to any of us at GATA. We've known about his for years...and even the Fed now admits they're doing it. As Chris Powell's famous quote goes..."There are no markets anymore, only interventions". The link to the article...and the James Grant interview...is here. Source