There’s Been Yet Another #FedFake

The chart below from ZeroHedge shows how global central banks panicked due to the market sell-off and began to expand their balance sheets again:

In response to Friday’s market rally, I cautioned against getting excited about much more upside from here:

I am frustrated about the recent “market” action because it’s not a true market when central banks and the government are constantly intervening in it and preventing proper price discovery.

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