by Alex Barrow
Financial Sense
“The Fed is manipulating markets…”
“Central Banks are destroying capitalism…”
“Yellen has distorted true price discov… yada-yada-yada”
We’ve all heard the constant chorus of central bank bashing. The ridicule comes from a diverse crowd, ranging from retail Joe Schmoes to prominent hedge fund managers… and I admit, Fed economists make for easy targets.
But I figured some of you may want to know; Is this rancor justified… or are central banks just a popular scapegoat for traders who’ve continuously been on the wrong side of markets?