Some Folks At The Fed Are Lost – No Juice To The Macros, Part 1…” the central bank actually functions as a financial doomsday machine”
by Tyler Durden
ZeroHedge.com
03/25/2015
Does it really take purportedly intelligent people six years to see that the macros are not responding? Better still, isn’t it time for the Fed to explain the exact channel by which its interest rate pegging and forward guidance is supposed to be transmitted to the main street economy? After all, if these channels are blocked or ineffective – then its flood of liquidity never leaves the canyons of Wall Street. In that event, the central bank actually functions as a financial doomsday machine, inflating the next financial bubble until it bursts. Then, apparently, its job is to rinse and repeat.
The Rest…HERE
