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The free market fairy tale
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Here is a great clip from CNBC that gives further light to what I wrote about two weeks ago in a story entitled: How the Invisible Hand Moves the Markets
In the video, every single member of the panel admits that the government is skewing the markets to the upside on purpose-even Steve Liesman.
Unfortunately, buried beneath it all is the faulty premise that the free market still exists, which as we now know it does not.
Of course, what happens to the markets when the government hand is taken away is another story entirely.
As for the video, it's a great look at what is moving the markets today and trader Larry Levin absolutely nails it.
Roll the tape....
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