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IPFS News Link • Economy - International

Eric Hunsader Explains To CNBC That "Markets Are Always Rigged"...

• http://www.zerohedge.com, by Tyler Durden

Once upon a time it was anathema the publicly proclaim two things: i) that central banks manipulate and intervene in the markets and that ii) the market is rigged. Ever since this website was launched 7 years ago and made the proof of these two claims its mission, it was branded as a collection of "tinfoil hat conspiracy theorists" by either the most incompetent, most corrupt or most clueless cores of what passes for financial media and capital markets participants (with either real or virtual money). 

More importantly, what has also become apparent over these same 7 years, is that we were right: it is now no longer even a debate if HFTs rig markets or if central banks intervene directly in stocks, bond or FX - it is broadly accepted and even desired: just imagine the dreadful world in which there is fair price discovery and where traders actually have to take risk. Ghastly.


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