Chris Martenson über den Irrsinn "Quantitative Easing 4"

‎"Once upon a time, it would have been considered in bad taste to suggest that the world was being centrally managed in secret by a small-ish cabal of bankers whose actions served to either prop up the excessive spending habits of the very governments that conferred upon them the power to print money, or to bolster the health and profits of the banks they mainly serve.
That was then. Today you can just read about it in the Wall Street Journal."

Must read article by the always brilliant Chris Martenson:

QE 4: Folks, This Ain't Normal - What You Need To Know About The Fed's Latest Move

http://www.zerohedge.com/news/2012-12-14/qe-4-folks-aint-normal-what-you-need-know-about-feds-latest-move

On the current market conditions (Hayek must be rolling in his grave...):

"The markets are now well and truly broken.  Not because they don't conform to my predictions, but because they are no longer sending useful price signals.  Instead, my hypothesis here is that the markets are now just a giant and rigged casino, where a relative handful of big firms and other tightly coupled players are gaming their orders to take advantage of this flood of money.

When your central bank badly misprices money and then bids up everything related to bonds, nothing can be reasonably priced.  Risk is mispriced; the few remaining investors (as distinct from speculators, which are now the majority) are forced to accept both poor yields and higher risk – so we know the price of everything, but the value of nothing."