Monday, August 21, 2017

China's Plunge Protection Team Holds $150 Billion In Stock, Claims "State Meddling" Stabilizes Markets

...As long as China, along with every other central bank, continues to supress volatility artificially, it is unlikely that any major market turmoils will emerge. The flipside is that the longer China, and other developed nations, kick to can on realizing fair market value, the more dire the collapse will be when (or maybe if) price discovery is once again permitted.