> Or you get a commodity bubble. Which is a scary thought. The Fed holding rates at a very low level for a long time was a large factor in the housing crisis.

> Or you get a commodity bubble. Which is a scary thought. The Fed holding rates at a very low level for a long time was a large factor in the housing crisis. It prompted many depositors to start casting about for somewhere else to put their money. Many of them settled on mortgage-backed securities. We all know what happened next.