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.”

About the Author

Simon Black is an international investor, entrepreneur, and founder of Sovereign Man. His free daily e-letter Notes from the Field is about using the experiences from his life and travels to help you achieve more freedom, make more money, keep more of it, and protect it all from bankrupt governments.