In a post-mortem of what killed the Economy - the actions of the NEW trying-too-hard actor, the Fed - are implicated as the cause of the death of economy - it's just not yet been officially announced. One economy has been the exception, the one east of the Hudson; proxies for certain markets.
The original cause of death was Fed inaction during 2004-07.
Efforts to resuscitate the economy have only prolonged and distorted the patient, as on steroids in the last days of life.
Any reactions, comments, questions or corrections always welcome.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment