Monday, July 14, 2014

Looking at macro manipulation



This is a chart from last year, but a quick review suggests that nothing has changed. We have 38 countries that have negative real rates of interest, excessive quantitative easing, and currency manipulation. No wonder traders cannot get good signals on the direction of markets. Systematic traders have used prices instead of revised economic data to measure cross market relationships. How are you supposed to do that if you have all of this market manipulation. 

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