Are Markets being Manipulated by

"Rogue Traders"?
by Danny Schechter
Global Research, July 8, 2009

There’s New Evidence to Suggest that Crime In The Financial Markets is Rife

New York, New York: Everyone has heard of the Wikipedia but not everyone knows about the Investopedia, a Forbes website, that monitors finance for market players. One of the issues it is concerned about is market manipulation, actions by rogue and not so rogue players who, working alone or together, unduly influence the way our supposed “free” markets function. It is a fascinating source of information for the uninitiated who hear the daily reports on the ups and downs of the Dow and believe that somehow it is all part of the natural order of the universe.

It isn’t

Thanks to an even more informative web site, Gamingthemarket.com, we learn that in fact markets are subject to, prone to, and characterized by all sorts of manipulative practices. Here’s one you may not have heard of. “Ghosting: An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. Ghosting is used by corrupt companies to affect stock prices so they can profit from the price movement. This practice is illegal because market makers are required by law to act in competition with each other. It is known as "ghosting" because, like a spectral image or a ghost, this collusion among market makers is difficult to detect. In developed markets, the consequences of ghosting can be severe.” -Investopedia It looks like we have gone from the age of the trustbuster to the era of the ghost buster as fiction once again turns into “faction.”
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China’s Currency Reserves May

Top $2 Trillion for First Time
By Bloomberg News

July 10 (Bloomberg) -- China’s foreign-exchange reserves probably topped $2 trillion for the first time, drawing attention to the difficulty the government faces in finding places to invest the world’s largest holdings.

Japan's Golf-Club, Luggage Shipments Signal Economic Rebound:
( Don' believe this kind of HOG WASH, BULL SH*T No one in Japan is talking recovery! I know I live in Japan. This story is propaganda)

Chart of Day Renewed demand in Japan for parcel shipments ranging from golf clubs to luggage signals the economy probably returned to growth last quarter from a record contraction.