Government intervention in markets is only part of the disconnection of markets from reality, GoldMoney research director Alasdair Macleod writes today.
"Ordinary people have given their savings and pension funds to professionals who speculate on their behalf," Macleod writes. "It is the professionals who talk about the Yellen put, meaning that the Fed simply won't let prices fall significantly. We can fret about who is actually responsible for market distortions; instead we should ask who benefits."
Macleod's commentary is headlined "Markets and Reality Disconnected" and it's posted at GoldMoney here:
http://www.goldmoney.com/research/analysis/ma...ty-disconnec...
