Published on Zero Hedge (http://www.zerohedge.com)
"No Warning Can Save People Determined To Grow Suddenly Rich"
By Tyler Durden
Created 05/30/2013 - 09:01
At the height of the financial crisis (i.e. 2008) it was easy to despise just the bankers for their serial and colossal ineptitude and rank hypocrisy. Now, five years into one of history's most alarming bubbles, it's easy to despise just about everyone in a position of financial or political authority, and for the same reasons. The real black comedy lies in the manipulation of market prices that is now endemic throughout the global financial system. As Japan is now showing, even with the unrestrained commitment of a central bank and its magical powers to create money out of nothing, there are practical limits to market rigging activity. Last week's price action within the Japanese government bond market and stock market suggests that both of these markets are in the early stages of shaking themselves to pieces. The fallout of unintended (counter-intended ?) consequences from massive market manipulation will be awesome.
Source URL: http://www.zerohedge.com/news/2013-05-30/no-warning-can-save-people-determined-grow-suddenly-rich
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