On the sudden panic about “artificial markets”

Tuesday, 23 August 2016

There is a media panic on right now about “artificial markets”. The AFR joins it today:

If ever there was a time for investors to take a cold shower and wake up to the strange distortions going on in world financial markets, now might be the time to consider the following.

Global shares have rallied hard since the supposedly disastrous vote by Britons to exit the European Union.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.