The market was clicking along, buoyed by weak economic news, until the Fed minutes from a month ago came out, and traders hit the markets on QE taper thoughts, despite what Chairman Ben said yesterday.

I think the corruption of some members of the Fed is unfortunate but inevitable, and sometimes barely hidden by the fig leaf of plausible deniability and the 'scientific objectivity' of economics.

The only possible remedy is a surplus of transparency, and not more secrecy and the centralization of power in the hands of a privileged few. And where offenses are found, the correction must be swift, and forceful in its example.

As they used to say, Caesar's wife must be above suspicion.

By Jesse

http://jessescrossroadscafe.blogspot.com

Welcome to Jesse's Café Américain - These are personal observations about the economy and the markets. In plewis

roviding information, we hope this allows you to make your own decisions in an informed manner, even if it is from learning by our mistakes, which are many.

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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