I think the Federal Reserve basically through keeping interest rates at zero is manipulating markets to some extent, and as you know we had these stimulus packages and quantitative easing by central banks including the ECB at the present time. So they come in and basically buy assets that are not particularly of the highest quality and this is some kind of market manipulation.
The market was manipulated in the US housing sector through Fannie Mae (Public, NYSE:FNM) and Freddie Mac (Public, NYSE:FRE) for years and years. So, to think that we have perfect markets is wrong. What we have are markets where there is very strong government intervention and where there could be also some front running.
in Bloomberg
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
