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It's always easy to wallow in apprehension when the status quo is politically convenient. The spectrum of forces, from home owners to bankers and everyone in b
by topspin 5y ago
It's always easy to wallow in apprehension when the status quo is politically convenient. The spectrum of forces, from home owners to bankers and everyone in between, is so vast that the only politically viable course is "see no evil, hear no evil, speak no evil," and it will remain so until the bubble pops. Again.
- mjfl 5y agoI don't really think it's appropriate to accuse the Fed of "wallowing in apprehension". The Federal reserve is an incredibly powerful institution and missteps are extremely consequential.