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Fake Markets: Reviewing The Price Discovery Graveyard

Authored by Charles Hugh Smith via OfTwoMinds blog, – via ZeroHedge

“Having become addicted to the Federal Reserve’s nearly free money for financiers and the infamous Fed Put, stock market players are now weeping and thrashing about in the agony of withdrawal as Fed chair Jay Powell has instituted a cold-turkey withdrawal from the financial stimulus of the Bernanke-Yellen days.”

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