While banks have been shown to manipulate every asset class (except of course stocks where HFT is merely a liquidity provider), it has largely been left to the Chinese to be blamed for ‘plan‘ what data is released to the world and ‘manage‘ expectations. With conspiracy ‘theories’ in market and macro data manipulations being proved ‘fact’; we thought it intriguing that the US Macro data cycle has rapidly diminished since the financial crisis. This, of course, makes perfect sense in a world where fundamentals no longer matter; nevertheless, compared to the pre-crisis swings, things are different this time.
On a side-note, US macro data has collapsed in the last few days to a one-month low from a five-month high.
via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/vVra8qyxcXE/story01.htm Tyler Durden