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The "beware the tech bubble" stories can get repetitive, or feel like cheap scaremongering. This one gets points, though, for correctly noting that Fed policies
by brownbat 13y ago
The "beware the tech bubble" stories can get repetitive, or feel like cheap scaremongering. This one gets points, though, for correctly noting that Fed policies designed to strengthen a large economy can cause overheating in some areas or sectors.
For another example, see Ireland's experience under the ECB. Drastically lower interest rates set by the central commission weren't the sole cause, but a major contributing factor of their boom and bust economy and accompanying housing bubble.
http://www.notourdebt.ie/the-roots-of-irelands-debt-crisis http://www.notourdebt.ie/the-roots-of-irelands-debt-crisis