One wonders whether the FED’s mandate to provide a more stable monetary and financial system has morphed into keep the stock market growing and the DOW high. That it has done by a series of quantitative easing, but at what price? Artificially induced bubbles have a habit of eventually painfully over-correcting.
One wonders whether the FED’s mandate to provide a more stable monetary and financial system has morphed into keep the stock market growing and the DOW high. That it has done by a series of quantitative easing, but at what price? Artificially induced bubbles have a habit of eventually painfully over-correcting.