3 ms·
Yeah, but it's a kicking the can down the road kind of situation. The mistake of acting too late has already been made. Pushing asset prices higher and higher
by adam_arthur 5y ago
Yeah, but it's a kicking the can down the road kind of situation. The mistake of acting too late has already been made.
Pushing asset prices higher and higher beyond what a neutral interest rate would support just sets up bigger declines in the future.
At least a lot of the froth in the higher multiple stocks has been cooled off at this point.