It’s been clear for months (years, for those of us who have always been skeptical of bureaucrats’ claims to be able to manage the American economy) that the Fed is getting broadsided by the shear massiveness of the economic downturn. Anyone with half a brain could know the credit bubble was coming. Why didn’t they? [...]
The Fed is getting broadsided by the economy
By Option Trading Blog on August 24th, 2010
It’s been clear for months (years, for those of us who have always been skeptical of bureaucrats’ claims to be able to manage the American economy) that the Fed is getting broadsided by the shear massiveness of the economic downturn. Anyone with half a brain could know the credit bubble was coming. Why didn’t they? [...]