There Is No Longer A Market: Citigroup Confirms What Zero Hedge Has Said Since 2009
zerohedge.com / by Tyler Durden on 05/25/2015 17:13
“Zero Hedge long ago gave up discussing corporate fundamentals due to our long-held tenet that currently the only relevant pieces of financial information are contained in the Fed’s H.4.1, H.3 statements… macro economic data now is essentially one big joke.”
– Zero Hedge, January 2010
“we have been saying since day one […] that when it comes to securities price formation in a centrally-planned regime, it is flow not stock that matters.”
– Zero Hedge, June 2012
Those were the rantings of a “tinfoil hat-wearing”, “conspiracy theory-heavy” website, which dared to speak up time and again against widely-accepeted economic and financial dogma, which has been the foundation of the Fed’s flawed experiment now in its 8th year.
And they were right.
Here is what the global head of credit strategy at Citigroup just said this last Friday.
The post There Is No Longer A Market: Citigroup Confirms What Zero Hedge Has Said Since 2009 appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/05/25/there-is-no-longer-a-market-citigroup-confirms-what-zero-hedge-has-said-since-2009/
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