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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: CalculatedRisk who wrote (33413)5/27/2005 10:06:18 PM
From: Ramsey Su  Read Replies (3) of 110194
 
I couldn't believe that I was reading a Fed speech when I read that earlier today.

Ferguson was not only suggesting that we have a bubble, he is pointing to a global bubble.

Furthermore, he is admitting that the Fed pretty much created the bubble?
Apart from such outcomes, policymakers might also take special interest in asset price movements because it has been alleged that badly designed or poorly implemented policy (even if well intended) sometimes has helped feed unsustainable movements in asset prices.
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