Stephen Roach Warns: “The Fed Is In Total Denial… On What It Put The World Through A Decade Ago”
by Tyler Durden
ZeroHedge.com
01/09/2015
Having previously warned that The Fed’s “fixation with the markets has created a deadly trap,” and recently noted that “Central Banking has lost its way,” Stephen Roach unleashed a few minutes of painfully honest truthiness on an unsuspecting Kelly Evans at CNBC. The brief interview reiterates Roach’s previous comments, as Tim Iacono notes, that “it didn’t have to be this way.” The Fed “is in total denial,” Roach rants, adding that it “hasn’t learned the lessons of what it put the world through a decade ago.”
The Rest…HERE
