Monday January 4, 2010
Check out the article on the front page of FT.
Some quotes:
“Bernake has called for reform…arguing that it was lapeses in regulatory oversight rather than loose monetary policy that stoked the US housing bubble”
“If reforms are not adequate..fed might be used to take the next asset bubble using the blunt tool of monetary policy”
“There was little evidence that low interest rates had been a large contributor to the housing bubble”
how do you make that smiley face that bashes his head into a wall