Fed should deflate some bubbles, Mishkin says

D

Daal

personally I dont think the fed can do this at all. its like the white house launching a 'war on pornography', people have been engaging on greedy financial orgies since the beginning of time, some regulation maybe could help at the margin but to think they could stop bubbles is nuts. Maybe they can stop them through huge dacronian laws and rules or jamming interest rates ridiculously high and quickly but then we would be living on a police state and creating recessions left and right, that would be worst than any financial crisis that came from bubble bursting

http://www.marketwatch.com/news/sto...BBA-9FD4-F64F2F25FD3F}&tool=1&dist=bigcharts&
 
the number one issue in any investment is, 'will fed policy support it? will fed policy support it in the future?'

the fed has become our only financial reality
 
Agree 100%. If there is one lesson from history, it's that you can't legislate against human stupidity.

"Two things are infinite: the universe and human stupidity; and I'm not sure about the universe."

- Albert Einstein
 
Who decides what a bubble is?

I think this could actually have the opposite effect. Pretty conceited thinking on his part.
 
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