“We Have No Evidence They Are, but They Could Be.”
Sorry, not good enough.
The FIX has been in for a long time.
Every time there was bad economic news, the DOW went UP.
That’s rigged, manipulation, plain and simple.
In this current age of Pravda-like disinformation one has to develop the fine art of reading between the lines through deductive reasoning. Here the hypotheses is proved through elimination which leaves no evidence.
The question remains, is the release of the money supply through the capital markets healthy and what are the dangers? It would appear better than releasing it through inefficient government spending but what happens to a market that is artificially inflated as a result of externalities and how long can it continue?