That statement doesn’t make sense. The dynamics of open markets with open trade data that make spoofing difficult (e.g. the stock exchanges) are very different than a rigged market.
So not the same reason for boom/bust cycles at all.
So not the same reason for boom/bust cycles at all.
Well the mortgage data was available, but no one looked into it until they did, and even then the smart money bet against the market...yet everything remained AAA rated for years despite the known toxicity, turns out the ratings were rigged also.
It’s pump and dump schemes all the way down, public markets/crypto markets it make no difference. There isn’t an economist alive who doesn’t say the stock market is significantly overvalued at this time and yet...historic highs remain, until they don’t.
As someone who started a 401k fresh out of college in 1988, this fear will be in the back of my mind until convert my entire portfolio into bonds. Probably in a few more years it'll begin.