Fed Creates Optical Illusion of Economy’s Strength
In hisDaily Market Notes report to investors, while commenting on the strength of the economy, Louis Navellier wrote: Q2 2021 hedge fund letters, conferences and more The Strength Of The EconomyI think the strength of the economy in this case is an optical illusion created by the Fed and its extreme intervention in financial markets. “We support asset prices in order to support the economy” is how Chairman Jerome Powell often puts it, but in his gargantuan and unenviable task – to save the financial system from unravelling – he has distorted market signals to the point of making them irrelevan...