“Black Monday” Brings Global Market Rout, Investors Mourn The Death Of Central Bank Omnipotence
Submitted by Tyler Durden on 08/24/2015 16:07 -0400
Peter Schiff Warns “The Fed Is Spooking The Markets, Not China”
Submitted by Tyler Durden on 08/24/2015 – 16:35
The correction may soon morph into a full-fledged bear market if the Fed makes good on its supposed intentions to raise interest rates this year. Have no illusions, while most market observers are quick to blame the sell-off on China, this market was given life by the Fed, and the Fed is the only force that will keep it alive. Unfortunately for the Fed, it won’t be able to get away with doing nothing for too much longer. Events may soon force it to show its hand. Then perhaps some may notice that the Fed is holding absolutely nothing and has been bluffing the entire time.
https://www.zerohedge.com/news/2015-08-24/fed-spooking-markets-not-china
