
“Investors trust the Federal Reserve to protect their money…just as the Fed makes their investments less trustworthy! Because the more influence the Fed exerts over prices, the farther they move away from where they ought to be. Ah yes, dear reader, that is one of the curious, always-fascinating feedback loops that keeps life on planet Earth ‘normal’. Whenever things get too weird, something intervenes to make them less weird. And one of those things is a certain Mr. Market. It’s all very well for investors to believe the Fed won’t allow them to lose money. That’s what makes it possible for non-delusional investors to make a lot of money.”
http://www.dailyreckoning.com.au/us-market-crash-alert/2013/08/23/
Related posts:
At last, Japan may be about to abandon its disastrous Keynesian consensus
Andrew J. Napolitano: War and the Separation of Powers
Ron Paul: Nevada Standoff a Symptom of Increasing Authoritarianism
The best second passport for Edward Snowden…
Trump has one thing right: our post-9/11 wars have been a mistake
After 50 Years, Washington Has Lost the War on Poverty
Bill Bonner: Sooner or later, markets change
Glenn Greenwald: Why the CIA is smearing Edward Snowden after Paris
Detroit Suffers the Biggest Municipal Bankruptcy Ever — Are Your Muni Bonds Safe?
NEW Spying Scandal -- Is This One the Last Straw?
The "Blowback" That Neocons Do Understand
“Currency Wars” heating up again! What it means for you
Public Justice Under Attack?
The Gold Lease Story You Haven’t Heard
The UK – In Or Out Of The EU?