Is There Any Doubt That Gov Chooses the Winners? | Hacker News Reader

Is There Any Doubt That Gov Chooses the Winners?

globalresearch.ca

34 pointseuroclydon7 comments

This headline is poor. Here's my attempt at better: "Is the Fed artificially propping up demand and prices for equities?"

Agreed. I almost didn't read the piece because of the headline, but it's an interesting one and worth at least a skim to most people.

Alternatively, http://en.wikipedia.org/wiki/Working_Group_on_Financial_Mark...

I've never been very convinced on the alleged pervasiveness of the PPT. It seems like a convenient catch-all in most cases (i.e. misattribution of an error term.) That being said, the after-hours returns are a bit unnerving.

Correlation between US Dollar (UUP), gold (GLD), the s&p 500 (SPY), and the Canadian dollar (FXC).

http://www.google.com/finance?chdnp=1&chdd=1&chds=1&...

The intraday correlation is beginning to break down, especially for gold (this chart may be obsolete when you click it, so click 1d)

http://www.google.com/finance?chdnp=1&chdd=1&chds=1&...

...but for a while, you could see a minute-by-minute inverse correlation between the dollar and everything else.

There's an inverse correlation between the gold/dollar exchange rate and the dollar/everything exchange rate?

There has been a lot of chatter about this in various quarters. One notable factor is quick, massive trades coming right before closing.

It's worth noting that the Plunge Protection Team was quite open at some points at least. It was called "The Committee to Save The World" by Time magazine in a cover story.

Global Research itself is a conspiracy site - perhaps the most sane conspiracy site but still a conspiracy site.

Interesting article, although the submission title is awful.

The level of USG intervention in finance, industry, and possibly now the stock market is beginning to remind me of Japan Inc of the '80s. America Inc anyone?

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