Ex-Morgan Stanley Chief Economist: Fed is distorting markets

Stephen Roach is one of the top economists in the world and former Chief Economist at Morgan Stanley.

This is a great, very recent interview. I recommend skipping to 13:05 for about 30 seconds of brilliance if you’re pressed for time:

“The market has been distorted by far bigger forces than flash trading. To me, the force that has rigged the market . . . is the Federal Reserve, not the flash traders.”

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