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The Danger of Too
Loose, Too Long

Wall Street Journal, by Richard W. Fisher

Original Article

Posted By:garnet, 7/28/2014 9:45:21 AM

I have grown increasingly concerned about the risks posed by current monetary policy. First, we are experiencing financial excess that is of our own making. There is a lot of talk about "macroprudential supervision" as a way to prevent financial excess from creating financial instability. But macroprudential supervision is something of a Maginot Line: It can be circumvented. Relying upon it to prevent financial instability provides an artificial sense of confidence. Second, I believe we are at risk of doing what the Fed has too often done: overstaying our welcome by staying too loose, too long. We did a good job in

      


Post Reply  

Reply 1 - Posted by: SpeedMaster, 7/28/2014 9:51:43 AM     (No. 9942933)

Link around the pay wall.
http://online.wsj.com/articles/richard-fisher-the-danger-of-too-loose-too-long-1406499266

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Reply 2 - Posted by: SpeedMaster, 7/28/2014 9:59:05 AM     (No. 9942946)

I do not agree with many statements in this article, especially Mr. Fisher´s last paragraph that the fed must appear non-partisan. The fed IS PARTISAN and will tighten money when we have a Republican President.

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Reply 3 - Posted by: Halfvast Conspirator, 7/28/2014 10:20:50 AM     (No. 9942980)

They are loosers

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Reply 4 - Posted by: Knotwyrkin, 7/28/2014 10:29:09 AM     (No. 9942999)

Even with the provided link cannot get around firewall.

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Reply 5 - Posted by: shamus, 7/28/2014 10:33:15 AM     (No. 9943012)

I have this problem after eating a lot of beans.

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Reply 6 - Posted by: No Representation in CA, 7/28/2014 10:40:17 AM     (No. 9943022)

I thought they were referring to my cargo pants.

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Reply 7 - Posted by: Safari Man, 7/28/2014 11:45:45 AM     (No. 9943116)

I can´t get around paywall either. But let´s just say, the Fed is stealing your savings. The biggest stealth tax ever. And they are forcing people to assume riskier asset positions, which also have higher tax consequences, assuming everything goes well. Soon enough, it will not go well when the bubble pops.

Heroine addicts feel really good immediately after their final, lethal overdose.


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