jdjntnowln
Re:Wall Street’s Trading Desks Endure Worst First Half in a Decade
on Saturday July 20, 2019 @07:19AM (#20485170)
Yeah, the market will act on its own when the news is both powerful enough and outside the market’s perception of the central bank’s expectations; i.e. the Fed is “stabilizing” which reduces competition and efficiency.
Moreover, it’s inequitable. The economic instability is what allow upward mobility. The Fed’s stability goal equates to a goal of preserving entrenched wealth from competitive pressures.