Thursday, September 10, 2015

The End of Financial History

In a Zero Hedge blog entry notifying the world of an overnight rise in equity futures indexes, the protagonist of the movie "Fight Club" today encapsulated the essence of the new financial normal in this one sentence:

It has become virtually impossible to differentiate between actual central bank intervention, hopes of central bank intervention, and how the two interplay on what was once the "market" but is now merely the place where money printers duke it out every day in some pretense of price discovery set by those who literally print money.

In other news, the protagonists of "Finding Nemo", "The Little Mermaid", and "Frozen" will convene next week to confirm that everything is just hunky-dory in the markets, and the Fed "must" raise rates soon anyway.