Fed-Rigged Stock Sell-off Foretold in Don't Bank On It!

By Lowell Ponte

Global equities saw their sharpest fall since the 2008 financial crisis on what's being referred to as "Black Monday" - as an 8% rout in Chinese shares sparked worldwide panic. This sudden market volatility comes as no surprise to those who have read our latest book, DON'T BANK ON IT! or any of our previous five books or ten white papers on the subject in recent years. The U.S. stock market has been "levitated" and "rigged" by the Fed's zero interest rate policy (ZIRP) as "easy money enriched many stock market speculators in the casino of Wall Street, which has gone up while the real business economy wallowed or declined. The Fed has been a pusher, willing and able to give the stock market its needed fix of easy money. [more...]