It's actually quite impressive how the central banks avoided a major collapse while walking a tightrope blindfolded carrying their spiked punch bowl and having

It's actually quite impressive how the central banks avoided a major collapse while walking a tightrope blindfolded carrying their spiked punch bowl and having rabid dogs nipping at their heels. Then again, "other like him" have always said that the bad things happen when they start to raise interest rates as things that are no longer profitable at the higher rates start to get liquidated and eventually causes the bubble to burst. Don't think anyone could have reasonably predicted the ability to keep interest rates at low as they've been for so long without the "animal spirits" getting restless.