Having been among the first scapegoats fingered for causing the May 2010 Flash Crash, Universa’s Mark Spitznagel has some harsh words for the latest farce that the regulators are trying to pull (telling CNBC):
“The Federal Reserve remains the largest market manipulator ever, and the desperate yield-chasing, hair-trigger markets that it created were the primary cause of that crash and the inevitable ones yet to come.”